According to @KobeissiLetter, trading volume in iShares Silver Trust SLV surpassed a record 40 billion on Friday, while SPDR Gold Shares GLD daily volume also hit an all-time high of about 40 billion (source: @KobeissiLetter). The source describes silver and gold ETF volumes as parabolic this week in the largest silver- and gold-backed funds (source: @KobeissiLetter).

According to Eric Balchunas on X, iShares Silver Trust (SLV) posted trading volume that exceeded heavily traded stocks Tesla (TSLA) and Nvidia (NVDA) last week, underscoring exceptional turnover in silver exposure (source: Eric Balchunas on X). According to Eric Balchunas on X, he adds that SLV volume is roughly ten times higher than a month earlier and notes the fund was around the 170th largest ETF a year ago, highlighting how quickly interest has accelerated (source: Eric Balchunas on X). Based on the figures reported by Eric Balchunas on X, the volume spike implies elevated liquidity and tighter execution spreads in SLV, making short term momentum and position sizing key considerations for traders (source: Eric Balchunas on X).

According to @EricBalchunas, GLD and SLV each traded about 40 billion in turnover in a single session, setting all-time records and surpassing any individual stock, with TSLA the closest at an estimated 35 billion, source: @EricBalchunas. He added the pair are on pace to close the week with roughly 280 billion in cumulative volume, underscoring exceptional liquidity in precious metals ETFs, source: @EricBalchunas.

According to @KobeissiLetter, assets under management in the largest silver-backed ETF, SLV, have doubled to $50 billion in just 100 trading sessions. According to @KobeissiLetter, this is the second-fastest climb for any US ETF from $25 billion to $50 billion, underscoring exceptional demand for silver exposure. Based on @KobeissiLetter's data, traders may watch for heightened liquidity in SLV, tighter spreads, and potential spillover into silver futures and silver miners as momentum strategies track these inflows.

According to Eric Balchunas, silver extended its rally with trading volume surging, as SLV recorded two days of volume equal to its entire first half of 2025, yet silver ETFs still saw moderate outflows, while GLD attracted inflows during its own advance (source: Eric Balchunas on X). This highlights an ETF flow divergence in silver where price and turnover are rising but fund ownership is not confirming, a key consideration for traders tracking SLV liquidity and ETF flow confirmation signals (source: Eric Balchunas).

According to @KobeissiLetter, trading volume in the largest silver-backed ETF, SLV, hit a record $40 billion, roughly 15 times its average daily volume, tripling the prior peak from 2011 and ranking as the highest turnover among all assets that day (source: @KobeissiLetter). Based on this @KobeissiLetter-reported surge, traders should note that such volume shocks often coincide with heightened intraday volatility and liquidity concentration in silver-linked instruments, making execution quality and risk controls critical around SLV and related exposures (underlying volume data source: @KobeissiLetter).

According to @EricBalchunas, SLV traded about 40 billion in shares in the last session, surpassing its entire Q1 last year total of about 35 billion and signaling exceptional activity and liquidity (source: @EricBalchunas on X). According to @EricBalchunas, SLV options volume was described as in the stratosphere, indicating unusually heavy derivatives interest around the silver ETF (source: @EricBalchunas on X). According to @EricBalchunas, pre-market turnover reached about 1.5 billion and was roughly three times that of any other ETF, highlighting elevated participation into the open (source: @EricBalchunas on X).

According to @Andre_Dragosch, SLV recorded about 32 billion in trading volume, roughly 15 times its average, surpassing SPY at 24 billion and NVDA and TSLA at 16 billion each, making it the highest volume security cited in the post; source: @Andre_Dragosch on X citing @EricBalchunas. For traders, the outsized turnover highlights exceptional liquidity concentration in SLV relative to major equity and ETF benchmarks, underscoring near term focus on silver exposure; source: @Andre_Dragosch on X citing @EricBalchunas.

According to @EricBalchunas, SLV traded about $32B in volume, roughly 15x its average and the highest of any security globally for the session. Source: @EricBalchunas. According to @EricBalchunas, for context SPY saw about $24B while NVDA and TSLA each did about $16B, highlighting SLV’s outsized turnover relative to mega-cap equity and ETF peers. Source: @EricBalchunas. According to @EricBalchunas, this kind of dominance by a relatively small product is rare and comparable to the GameStop episode in terms of taking over the tape. Source: @EricBalchunas.

According to @EricBalchunas, SLV has delivered unusually strong recent returns but attracted only about 1 billion dollars of net inflows over the last six months (source: @EricBalchunas). He notes that IBIT, a spot Bitcoin ETF, is down roughly 24% yet has amassed over 6 billion dollars of inflows, which he views as a constructive long-term signal for Bitcoin (BTC) demand (source: @EricBalchunas). He characterizes this divergence as evidence of stickier Bitcoin ETF allocations during drawdowns compared with weaker flow follow-through in SLV despite strong performance (source: @EricBalchunas).

According to @KobeissiLetter, retail investors have bought the largest physical-backed silver ETF, SLV, for 169 consecutive days, marking the longest streak on record (source: @KobeissiLetter, Jan 16, 2026). According to @KobeissiLetter, silver-linked ETFs SLV, PSLV, and AGQ attracted a record $921.8 million in net inflows over the last 30 days, highlighting strong demand for silver exposure (source: @KobeissiLetter, Jan 16, 2026). According to @KobeissiLetter, SLV is cited as the largest physical-backed silver ETF, underscoring its role as a primary liquidity venue for retail flows (source: @KobeissiLetter, Jan 16, 2026).

According to @KobeissiLetter, retail investors have driven iShares Silver Trust SLV holdings to 16,390 tonnes, the highest level since July 2022. Source: The Kobeissi Letter on X, December 30, 2025. Total silver held by the fund has increased by about 3,000 tonnes since February. Source: The Kobeissi Letter on X, December 30, 2025. SLV is identified as the largest physical-backed silver ETF, highlighting heavy retail participation in the silver market. Source: The Kobeissi Letter on X, December 30, 2025.

According to @EricBalchunas on X, silver is up about 150% year to date and is now doubling gold’s performance this year (source: @EricBalchunas on X). According to @EricBalchunas on X, SLV posted $21 billion in weekly trading volume, the highest in 15 years despite the Christmas week (source: @EricBalchunas on X). According to @EricBalchunas on X, SLV’s year-to-date net inflows are $3.4 billion, while GLD’s are $23 billion and spot Bitcoin ETF IBIT’s are $25 billion (source: @EricBalchunas on X). According to @EricBalchunas on X, the $21 billion weekly volume signals elevated liquidity for SLV execution and risk management based on the reported figure (source: @EricBalchunas on X). According to @EricBalchunas on X, the larger YTD flows into GLD and IBIT versus SLV indicate stronger investor allocation to gold and BTC exposure than to silver ETFs based on the cited flow data (source: @EricBalchunas on X).

According to @StockMKTNewz, a 10,000 USD investment in iShares Silver Trust (SLV) held for one year would now be worth 26,600 USD, highlighting significant upside in silver-linked exposure; source: @StockMKTNewz citing WOLF_Financial on X, Dec 28, 2025. According to @StockMKTNewz, silver is quoted at 75.92 USD per oz with a daily change of +5.58%, showing performance of +144.91% over 1 year, +99.78% over 6 months, and +34.68% over 30 days, while gold is at 4,545 USD per oz with +1.48% on the day and returns of +70.83% (1Y), +36.78% (6M), and +7.78% (30D); source: @StockMKTNewz citing WOLF_Financial on X. According to @StockMKTNewz data, silver’s multi-timeframe outperformance versus gold underscores momentum and relative-strength trade setups in SLV for trend-following strategies; source: analysis based on data reported by @StockMKTNewz.