Silver prices have surged significantly, leading to a remarkable increase in trading volume for the iShares Silver Trust ETF. On a recent Monday, the ETF saw nearly $40 billion in turnover, reflecting a growing interest in silver investments.
Comparative Trading Volume
This trading volume is notably close to that of the State Street SPDR S&P 500 ETF, which is recognized as one of the largest ETFs globally. In comparison, the turnover in the iShares Silver Trust greatly outpaces well-known stocks such as Nvidia Corp. and Tesla Inc.
Key Figures
- iShares Silver Trust ETF: Nearly $40 billion in turnover
- State Street SPDR S&P 500 ETF: Comparable trading volume
- Nvidia Corp: $23 billion in turnover
- Tesla Inc: $22 billion in turnover
The significant trading activity in the iShares Silver Trust underscores the current enthusiasm for silver as an investment option. As the market for silver continues to grow, investors are keenly watching these developments.
