Explosive popularity far surpassing NVIDIA Corporation (NVDA.US) and Tesla, Inc. (TSLA.US)! Silver ETF trading volume is close to that of the S&P 500 ETF.
This ETF has a trading volume that is almost equivalent to one of the world's largest ETFs, the SPDR S&P 500 ETF under the iShares Global umbrella.
The price of silver has recently experienced an extreme surge, driving the trading volume of related products to skyrocket. The iShares Silver Trust Silver ETF (SLV.US) recorded close to $40 billion in trading volume on Monday, with trading activity sharply increasing.
This trading volume is almost on par with one of the world's largest ETFs, the SPDR S&P 500 ETF under State Street Global Advisors, and surpasses the trading volume of around $23 billion for NVIDIA Corporation (NVDA.US) stock and around $22 billion for Tesla, Inc. (TSLA.US) in a single day, highlighting the exceptionally hot demand for silver assets in the market.
Looking back a few months ago, the daily average trading volume of this silver ETF was around $2 billion, but it rapidly climbed to around $10 billion since late December last year and further exploded recently.
The price of silver has more than doubled in 2025, and the upward trend has not stopped since January this year, with a nearly 60% surge in a single month, potentially setting the largest monthly increase since 1979, a trend that can be described as "crazy."
The strength of silver has also driven other commodities and related assets to rise simultaneously. Gold prices have risen by about 18% this year, and the MSCI Global Metals and Mining Index has also surged by 19%, forming a resonance between safe-haven assets and commodities.
However, analysts warn that in the context of limited liquidity in the silver market, the combination of surging demand and skyrocketing trading volume increasingly indicates that the dominant force in the current market has shifted from fundamental factors to pure speculative funds.
In the situation where a large amount of capital is flowing in and momentum trading is prevalent, silver trading may even evolve into a typical market where "rising trends reinforce themselves, ultimately collapsing under their own weight" and once market sentiment reverses, the risk of price correction cannot be ignored.
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