iShares Silver Trust (SLV) surged 6.05% during pre-market trading, reflecting a strong rally in the silver market. The exchange-traded fund, which tracks the price of silver, experienced significant buying interest as precious metals gained traction.
The movement aligns with a nearly 3% gain in spot silver prices, driven by positive market sentiment. Analysts cite liquidity expectations as a primary catalyst for precious metals, while ongoing geopolitical conflicts provide periodic safe-haven support, boosting demand for assets like silver. Furthermore, the sustained accumulation of gold reserves by central banks—a trend observed over recent months—highlights a broader shift toward non-credit assets for safety and long-term stability, contributing to a favorable environment for silver and related investments.
Despite recent extreme volatility in the silver market, retail investors have continued to channel substantial funds into SLV. Over the past week, close to $500 million flowed into the fund, including significant inflows during periods of sharp price declines. This persistent retail interest, combined with capital shifting to swing trading strategies in the high-volatility precious metals phase, has provided additional support for SLV's price movement.
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