Retail Investors Bet $500 Million on Silver Despite Price Plunge

Despite a significant drop in silver prices, retail investors have poured nearly $500 million into the silver market over the past week. According to Jin10, Vanda Research data indicates that during the six trading days ending Thursday, retail investors invested $430 million into the largest silver ETF, SLV. This includes over $100 million on January 30, when silver prices fell by 27%, marking the largest single-day decline in history. StoneX analyst Rhona O'Connell noted that silver's allure continues to attract investors. She added that the appeal of silver has increased due to its 'massive sell-off,' with some investors viewing it as an opportunity to buy at lower prices.