The iShares Silver Trust (SLV) experienced a significant intraday plunge of 4.72% on January 8, 2026, closing at $67.61, down from the previous day's close of $70.96. The decline was driven by a combination of factors, including:
Commodity Index Rebalancing: The drop mirrored a broader downturn in silver prices, influenced by annual commodity index rebalancing activities
Dollar Strength: A stronger U.S. dollar weighed on silver prices, as it typically makes dollar-denominated commodities like silver more expensive for foreign investors
Investor Caution and Profit-Taking : Some investors may have taken profits amid the volatility, exacerbating the downward pressure
The trading volume for SLV was notably high at 24.36 million shares, indicating heightened activity during the sell-off. Additionally, the stock's 52-week range highlights its volatility, with a high of $73.84 and a low of $26.57.
Key Metrics:
Intraday Low: $66.92 (down ~5.7% from the previous close).
Trading Volume: 24.36M shares.
Capital Flow: Mixed, with recent outflows but a slight inflow on January 7.
Summary:
The plunge in SLV was part of a broader trend affecting silver prices, driven by macroeconomic factors and investor behavior. The high trading volume and volatility underscore the sensitivity of silver ETFs to market dynamics.
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