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

Odaily According to data from Vanda Research, despite a sharp drop in silver prices that nearly erased the impressive gains from the beginning of this year, retail investors poured nearly $500 million into the silver market over the past week. The analysis shows that as silver prices plummeted, 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 decline 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 seeing it as a good opportunity to buy at a lower price. (Financial Times) (Jin10 Data APP)