-22% today
-50% from all time high
– YTD – it has erased all its gain
Silver just delivered one of its worst weeks in recent history. The iShares Silver Trust (NYSE:SLV) plunged 22% today to around $61$ erasing months of gains in just five trading days.
The speed and severity of the collapse has retirees asking whether this represents a rare buying opportunity in precious metals or a warning sign that commodity exposure doesn't belong in retirement portfolios
The irony? Despite paper silver cratering, the physical market told a different story. Analysts noted the futures market remained in backwardation, meaning immediate delivery prices exceeded future contracts. That suggests real scarcity, even as the ETF hemorrhaged value.
Posted by SadOnion2110
8 Comments
I don’t understand why the paper value is collapsing while the physical value is going up… wtf?
Getting fleeced by the aristocracy never goes out of fashion
Time to buy buy buy!
My SLV puts this week paid my rent, thanks everyone!
Damn it do i buy the dip or nah
Damm… some people actually bandwagon and bought it at the top thinking it’s a “safe haven”
Ssss should I sell now and accept my loss:(
Look at a monthly chart going back a few decades. That’s all you need to do.