Retail Traders' Silver Appetite Surges in U.S. Markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
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Source: Newsfilter
- Investment Surge: Retail investors in the U.S. net bought approximately $171 million of iShares Silver Trust (SLV) on Monday, nearly double the $93 million one-day peak set during the 2021 silver squeeze, indicating strong demand for silver.
- Trading Activity: The turnover in iShares Silver Trust is running at over 11 times its usual pace, surpassing Nvidia's roughly sevenfold increase, demonstrating that the chase for silver has intensified significantly.
- Market Dynamics: Combined retail and institutional interest has driven trading volume in iShares Silver Trust to several times that of the widely traded SPDR S&P 500 ETF Trust (SPY) this month, highlighting the strong market focus on silver.
- Mining Stocks Frenzy: Silver prices have tripled over the past year, exceeding $100 an ounce, which has propelled mining stocks like Hecla Mining and Coeur Mining into the top 50 most actively traded names, reflecting robust retail interest in the mining sector.
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About GME
GameStop Corp. offers games and entertainment products through its stores and ecommerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 3,203 stores across all of its segments: 2,325 in the United States, 193 in Canada, 374 in Australia, and 311 in Europe. Its stores and ecommerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include 38 pop culture-themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. Its retail stores are generally located in strip centers, shopping malls and pedestrian areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
