In a remarkable turn of events, retail investors have poured over $920 million into silver-linked exchange-traded funds (ETFs) in the past month, setting a new record for inflows. According to analysts cited in the report, the outlook is promising as this surge highlights a significant shift in market sentiment as traders seek refuge in precious metals amid ongoing economic uncertainty.
Influx of Investments in Silver ETFs
The iShares Silver Trust (SLV) and ProShares Ultra Silver (AGQ) are the primary beneficiaries of this influx, with SLV notably achieving 169 consecutive sessions of inflows. Ashwin Bhakre from VandaTrack has characterized this trend as unprecedented, indicating a strong and sustained interest in silver investments.
Record Net Buying for SLV
On Wednesday, SLV marked its second-highest day of net buying ever, underscoring the growing appeal of silver as a safe-haven asset. As market volatility continues to influence investor behavior, the demand for silver-linked ETFs is expected to remain robust, reflecting a broader trend towards alternative investments.
As retail investors flock to silver ETFs, copper has also shown remarkable performance, with significant price increases over the past year. For more insights on copper's future outlook, read more.
