Lates News

Despite the almost complete wipeout of the astonishing gains seen earlier this year, retail investors have still poured nearly $500 million into the silver market in the past week, betting on its future. According to data analysis from Vanda Research, retail investors have poured $430 million into the largest silver ETF, SLV, in the six trading days leading up to Thursday, including over $100 million on January 30th when silver prices fell by 27%, marking the largest single-day drop in history. StoneX analyst Rhona O'Connell said, "People are drawn to the allure of silver." She also said that silver's attractiveness has been further enhanced by the "massive sell-off," with some investors seeing it as an opportunity to buy at lower prices. (Financial Times)