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

Odaily News Despite silver prices plummeting, nearly erasing the impressive gains seen at the beginning of the year, retail investors still poured nearly $500 million into the silver market over the past week to place their bets. According to data analysis from Vanda Research, as silver prices tumbled, 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. StoneX analyst Rhona O'Connell 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 a good opportunity to buy at lower prices. (Financial Times) (Jin10 Data APP)