Underlying Metal Prices: METY.XETRA's price heavily relies on fluctuations in the prices of underlying metals like gold, silver, platinum, and palladium.

Supply and Demand: Market forces of supply and demand for the ETF itself influence its price. Higher demand pushes prices up, while increased supply leads to lower prices.

Geopolitical Events: Global political and economic instability can drive investors towards precious metals as safe havens, impacting METY.XETRA's price.

Currency Fluctuations: Changes in the Euro (EUR) exchange rate against other currencies, particularly the US dollar, can affect the ETF's price, as metals are often priced in USD.

Interest Rates: Rising interest rates may decrease demand for precious metals ETFs like METY.XETRA, as investors may prefer interest-bearing assets.

Inflation: Inflationary pressures often increase demand for precious metals as a hedge, potentially raising the ETF's price.

Economic Data: Economic indicators such as GDP growth, unemployment rates, and manufacturing data can influence investor sentiment towards precious metals and METY.XETRA.