PANews reported on February 8th, citing the Financial Times, that despite the sharp drop in silver prices, which almost wiped out the impressive gains at the beginningPANews reported on February 8th, citing the Financial Times, that despite the sharp drop in silver prices, which almost wiped out the impressive gains at the beginning
Analysis: Despite the sharp drop in silver prices, retail investors are still doubling down their bets.
PANews reported on February 8th, citing the Financial Times, that despite the sharp drop in silver prices, which almost wiped out the impressive gains at the beginning of the year, retail investors still poured nearly $500 million into the silver market in the past week. Data analysis from Vanda Research shows that as silver prices plummeted, retail investors poured $430 million into the largest silver ETF, SLV, in the six trading days ending Thursday, including over $100 million on January 30th, when silver prices fell 27%, marking the largest single-day drop in history. StoneX analyst Ronna O'Connell stated, "People are drawn to the allure of silver." She added that silver's appeal was further amplified by its "massive sell-off," with some investors seeing it as a golden opportunity to buy at lower prices.
Market Opportunity
SIX Price(SIX)
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$0.00937$0.00937
USD
SIX (SIX) Live Price Chart
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