Stock Track | iShares Silver Trust (SLV) Soars 5% Overnight on Retail Squeeze, Industrial Demand

Stock Track01-14

The iShares Silver Trust (SLV) surged 5% in overnight trading, extending its recent rally as silver prices breached key psychological levels. The ETF has now gained 43% over the past month amid a historic bull run for the white metal.

The movement reflects three converging factors: a retail-driven "Silver Squeeze 2.0" draining physical inventories, booming industrial demand from AI and solar sectors, and macroeconomic tailwinds from weak US inflation data that reinforced rate cut expectations. Geopolitical tensions in Venezuela, Greenland, and Iran further boosted haven demand.

Analysts note the rally comes amid a sixth consecutive year of structural supply deficits, with Citigroup recently upgrading its 3-month silver price target to $100/oz. The London market's physical tightness and potential US tariffs on silver imports have exacerbated supply concerns, creating a perfect storm for SLV's outperformance.

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  • Phylliswun
    01-14
    Phylliswun
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