Analyst: Despite the silver plunge, retail investors continue to double down

BlockBeats News, February 8 — According to the Financial Times of the UK, despite the sharp decline in silver prices, which nearly erased the remarkable gains made earlier this year, retail investors have still invested nearly $500 million in the silver market over the past week. Data analysis from Vanda Research shows that as silver prices plummeted, retail investors poured $430 million into the largest silver ETF, SLV, during the six trading days ending Thursday, including over $100 million on January 30, when silver prices fell 27%, marking the largest single-day decline in history. StoneX analyst Rona O’Connell said, “People are attracted by the allure of silver.” She also mentioned that silver’s appeal has been further boosted by its “massive sell-off,” with some investors viewing it as a good opportunity to buy at lower prices. (Jin10)

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

DRIFT drops more than 36% in 24 hours, now at 0.04 USDT

Gate News update, April 2, DRIFT is down more than 36% over the past 24 hours, trading at $0.04 USDT. This drop may have been influenced by the Drift Protocol attack incident.

GateNews4m ago

STO briefly touched 0.54 USDT, setting a new all-time high price record

Gate News message: April 2, according to market data, STO briefly touched 0.54 USDT, setting a new all-time high, and is now at 0.51 USDT, up 157.46% over the past 24 hours.

GateNews5m ago

Bitcoin, stocks soar as markets respond to chance of US and Israel-Iran war ending

Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump's statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran

Cointelegraph12m ago

SOL falls below 80 USDT, with a 24-hour decline of 3.86%

Gate News, April 2, according to a certain CEX price feed, SOL fell below 80 USDT and is currently trading at 79.9 USDT, down 3.86% over the past 24 hours.

GateNews13m ago

Trump’s speech declares victory in the Iran war! Gold slips down 60 dollars, and oil prices fall below the 100 mark

U.S. President Trump announced in a White House address that the “Epic Raging Operation” had achieved a decisive victory and that he plans to end the military intervention within two to three weeks. The market reaction was intense: spot gold and crude oil prices fell sharply, while Bitcoin remained stable. The Iranian president then issued a public letter questioning U.S. conduct and emphasizing Iran’s right to self-defense.

MarketWhisper14m ago

ETH drops 1.33% over 15 minutes: persistent capital outflows and ETF divestment amplify sell pressure

From 2026-04-02 01:15 to 2026-04-02 01:30 (UTC), the ETH spot price return logged -1.33%, reported at 2106.08 to 2140.86 USDT, with a range of 1.62%. During the event window, market volatility intensified, near-term attention clearly increased, and concentrated sell pressure triggered a rapid price pullback. The main driving force behind this unusual move is that capital outflows have once again intensified. On-chain data shows that over the past one cycle, ETH exchange net outflows have remained negative, reaching as high as -6,625.86 coins, while the ETF recorded a net outflow of -2,000 units.

GateNews14m ago
Comment
0/400
Parkinvip
· 02-08 12:47
Silver is known as the devil's metal. It has a long history of being associated with both beauty and danger. Throughout the ages, silver has been used in jewelry, currency, and various tools, valued for its luster and rarity. However, it also has toxic properties and can be harmful if mishandled. Its unique properties make it a fascinating element that embodies both allure and peril.
View OriginalReply0