Uranium Price Stays Firm After Spot Market Push to 18-Year High

Uranium is holding firm near $85 per pound after the spot market pushed to a new 18-year high.

The latest charts show a clear split between the physical market and listed uranium exposure. Spot pricing remains elevated and active, while the uranium ETF continues to stabilize after a broader pullback.

Spot Uranium Pushes to a New Cycle High

A post on X from John Quakes says long-term uranium closes the trading week at a new 18-year high of $91.50 per pound. The same post says spot U3O8 moves up to $85.00, with the SPUT bid also rising and 50,000 pounds trading at $85 for delivery to ConverDyn, USA.

The trade log in the X post supports that move. It shows the latest trade at CVD for $85.00 and 50,000 pounds, after earlier prints in the low-$83 to mid-$84 range. That sequence shows spot pricing moving higher in a short period and confirms stronger buying interest into the close of the week.

Uranium Chart Holds Above Last Year’s Base

Additionally, that structure preserves the long-term trend. Price is no longer at the peak, but it is still holding a much higher range than it did through most of last year. The current area around $85 now acts as a key level since it matches the fresh spot trade highlighted in the X post.

On one hand, the Trading Economics chart places uranium at $85.150 per pound. Over the last year, the market rose from the mid-$60 range, accelerated through the second half of 2025, and then spiked above $100 earlier in 2026 before pulling back. Even after that retreat, the current level remains well above the 2025 base.

Uranium ETF Trails The Spot Market Move

On the other hand, Bollinger Bands show the upper band at $52.40 and the lower band at $45.43. Price is sitting near the middle of that range rather than breaking out. MACD is improving, with the MACD line at -1.13, the signal line at -1.27, and the histogram at 0.1403.

That suggests downside pressure is easing, but the ETF still needs a stronger push above $49 and then $52.40 to match the strength seen in the spot uranium market.

Meanwhile, the TradingView chart for the Global X Uranium ETF shows a weaker setup than the commodity itself. The ETF opens at $47.01, reaches a high of $49.16, drops to a low of $46.54, and closes at $48.90, down 0.73% on the day. That leaves the fund slightly below the Bollinger midline at $48.92.