Uranium Holds Above $85 as Mining ETF Rebounds From June Sell-Off

The latest charts display that the market is divided into stable physical prices and uranium shares trying to regain momentum after a rough month.

Notably, the price of spot uranium climbed $0.35, or 0.41%, to $85.35 per pound in the latest reading. The Global X Uranium ETF rose close to USD 45.50, recovering from a recent low of USD 42.50 in June.

The one-year uranium chart displays the spot price of uranium trading in the $84-$87 range for most of the spring. The uranium price had just risen above $100 before dropping back below $90 in a wild beginning to 2026.

According to TradingEconomics ‘ chart, the trading range in the market has been much narrower since April. Buyers held up the price above $87 during late April and early May but failed to maintain the upward move. Uranium sank back toward $85, where it has been relatively flat, after that.

Current support is forming around $84. If it breaks down below that zone, the $82 area is likely to re-emerge on the charts. However, a break above $87 would bring the market closer to the $90 level, which served as resistance last January when the price spiked.

Significantly, uranium remains trading at near $70 levels, seen in the middle of 2025. The longer-term chart thus reveals consolidation after a solid year’s gain and not a turnaround in the overall picture.

Additionally, the Global X Uranium ETF has been much wilder. URA’s data on market data held at $45.50, with a slight loss of 0.01% over the past 30 minutes, while the same information on a daily time frame reveals the fund’s growth of 1.54% to $45.52.

In early June, URA came back from above $50 and bottomed in around $42.50 before buyers restored themselves to the market. The recovery has brought the fund back close to a previous support level of $45.50 to $46.

Even so, the overall situation is mixed, however. Investing.com data show the ETF rose 0.46% in one week but decreased 14.61% in one month. It additionally suffered a 7.65% loss over three months. But URA still posted a gain of almost 26% for the previous year.

This difference indicates that the equities of uranium have been sold more than the physical commodity. The moves in equity markets, in company risks, and in investor positions are all factors that affect the mining share, while the moves in spot uranium affect the supply/demand of fuels.

Meanwhile, the ETF’s recovery has been generating new interest in the short-term technical indicators. Chaikin Money Flow continued its climb to 0.35, a positive reading that indicates increased capital inflows in the rebound.

As per TradingView, both of the MACD readings were also slightly above the signal line at about 0.45. However, the steepness of the gap between them and the almost level histogram indicates that momentum has started to fade at $45.50.

With a decline to early June, the $47.50 area is also under resistance at URA. The immediate support is close at hand at about $44, and the deeper support would be at the recent low level of around $42.50.

Spot uranium prices have been steady at around $85, and uranium stocks are in the process of determining if their short-term recovery can become a longer-term trend.