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Retail investors drive silver to record volumes
Retail investor appetite for silver in the US market now rivals popular technology trades as flows reach unprecedented levels, said Reuters citing a report by Vanda Research. Individual investors purchased a net $171m of iShares Silver Trust on Monday, almost double the $93m daily record during the 2021 silver squeeze when Reddit investors drove GameStop and silver prices higher, the report said. Ashwin Bhakre, head of product at Vanda Research, said the surge in silver was more intense than artificial intelligence trades, with iShares Silver Trust turnover running at over 11 times normal levels compared with ... (full story)