You Got The Silver? Silver ETF Is Exploding! (Highest Turnover Among Any Other Asset and 15 TIMES Its Average Daily Volume

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via confoundedinterest17

You got the silver? Lucky you!

Silver ETF trading volume is exploding: Trading volume in the largest silver-backed ETF, $SLV, hit a record $40 billion on Monday.

This marks the highest turnover among any other asset and is 15 TIMES its average daily volume.

This also TRIPLES the previous peak seen in 2011.

By comparison, the S&P 500 ETF, $SPY, traded $25 billion, the Nasdaq 100 ETF, $QQQ, $17 billion, while Nvidia, $NVDA, and Tesla, $TSLA, each traded $16 billion.

Furthermore, the 2x leverage long-silver futures ETF, $AGQ, posted $8 billion in volume yesterday. The largest Gold ETF, $GLD, also saw massive turnover of $13 billion, but $27 BILLION lower than $SLV. Silver’s recent moves are truly unprecedented.

Thanks to the The Kobeissi Letter.

 

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