BlockBeats news, on February 8, according to a report by the UK's Financial Times, despite a sharp drop in silver prices that nearly erased the stunning gains from the beginning of the year, retail investors have still poured nearly $500 million into the silver market for betting in the past week. According to data analysis from Vanda Research, as silver prices plummeted, retail investors injected $430 million into the largest silver ETF, SLV, over the past six trading days ending on Thursday, including more than $100 million on January 30, when silver prices fell 27%, marking the largest single-day drop in history. StoneX analyst Rona O'Connell said, "People are attracted to the charm of silver." She also said that the appeal of silver was further enhanced by its "massive sell-off," with some investors viewing it as a good opportunity to buy at a lower price. (Jinshi)
Retail Investors Pour $500M into Silver Amid Price Crash
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Summary
Retail investors added nearly $500 million to the silver market last week amid sharp price movement. Data from Vanda Research shows $430 million flowed into the largest silver ETF, SLV, over six trading days through Thursday. On January 30, silver prices fell 27%, yet investors still poured in over $100 million. A StoneX analyst noted the selloff has boosted silver’s appeal, with some viewing the price movement as a buying chance.
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