On June 5, Silver Miners Etf (SIL) fell 8.11% in regular trading, trading at $81.81/share, with trading volume of approximately $63.16 million.
On the news front, the silver market has recently experienced extreme volatility, with spot silver surging to a historic high of $120 per ounce before rapidly retreating to the mid-$70 range. Volatility (ATM) reached its highest level since the 2020 pandemic. Exchanges have consecutively raised silver margin requirements multiple times, significantly compressing speculative capital participation and tightening market liquidity. Silver spot prices had previously surged over 10% in a single day approaching $80, but under sustained margin increases, speculative positions were forced to unwind, dragging silver mining equities lower alongside the commodity pullback.
The fund invests at least 80% of its total assets in securities of the underlying index, including ADRs and GDRs. The underlying index measures broad equity market performance of global companies involved in the silver mining industry. The fund is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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