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Silver is retail traders’ new obsession as record numbers bet on rally — and on a crash

From cnbc.com

Retail investors are betting big on major swings in silver. The question is which way the precious metal could go. Individual investors on Monday sent about $171 million on net into the iShares Silver Trust (SLV), a popular exchange-traded fund that tracks the metal, according to market research firm VandaTrack. That marked the largest ever single day flow of new funds into the trust, almost double the previous peak recorded during the “silver squeeze” of 2021. “Silver has just become retail’s new [favorite] toy,” Vanda analyst Ashwin Bhakre wrote on Tuesday. Monday’s rush came as the Silver Trust climbed nearly 6%, ... (full story)

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  • Category: Fundamental Analysis