On May 15, iShares Silver ETF (SLV) fell 7.67% in regular trading, trading at $69.095/share, with trading volume of $586 million. The sharp decline followed a broad global silver selloff as spot silver broke below the key $80/oz level.
On the news front, London silver plunged over 5% intraday while Shanghai silver tumbled 11.05%, marking a severe correction across global silver markets. Silver had previously rallied on expectations of AI data center-driven demand, with London silver touching the critical $85 resistance level before failing to break through decisively. Concentrated profit-taking by holders accelerated the downside move. Additionally, the U.S. Senate confirmed Warsh as Federal Reserve Chair, and ahead of his first official statement, funds exited silver positions for risk-averse profit-taking, further pressuring prices.
The Trust seeks to reflect the performance of the price of silver before payment of the Trust's expenses and liabilities. It is not actively managed. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of silver.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
