Despite the sharp drop in silver, retail investors still doubled down on their bets.

Despite the sharp drop in silver prices, which almost wiped out the remarkable gains at the beginning of this year, individual retail investors still poured nearly $500 million into the silver market in the past week to place their bets. According to data analysis from Vanda Research, as silver prices plummeted, retail investors invested $430 million into the largest silver ETF, SLV, in the six trading days leading up to Thursday, including over $100 million on January 30 when silver prices dropped by 27%, marking the largest single-day drop in history. StoneX analyst Ronan O'Connell said, "People are attracted to the allure of silver." She also mentioned that the appeal of silver has further increased due to its "massive sell-off," with some investors seeing it as an opportunity to buy at lower prices.