Data: Despite Silver's Plunge, Retail Investors Double Down

Odaily News Despite silver prices plummeting, nearly erasing the impressive gains made at the beginning of this year, retail investors still poured nearly $500 million into the silver market over the past week. Data analysis from Vanda Research shows that as silver prices crashed, retail investors invested $430 million into the largest silver ETF, SLV, over the six trading days ending Thursday. This included over $100 million on January 30th, when silver prices fell by 27%, marking the largest single-day drop in history. Rona O'Connell, an analyst at StoneX, stated, "People are drawn to the allure of silver." She added that silver's appeal has been further enhanced by its "massive sell-off," with some investors viewing it as an opportunity to buy at a lower price. (Financial Times) (Jin10 Data APP)