Silver ETF Inflow Hits Record Levels Amid Supply Deficit

The world's largest silver-backed exchange-traded fund, iShares Silver Trust (SLV), recorded its most dramatic weekly inflow in months. Institutional investors added 109.66 tonnes of silver to the fund's vaults over the past seven days, pushing total holdings to 15,066.94 tonnes.

This increase represents a 0.73% rise and $190.7 million in fresh capital. Analysts say this reflects genuine buying appetite rather than technical adjustments.

The move stands in contrast to the gold market, where despite an increase in physical gold stored, the SPDR Gold Shares (GLD) recorded net capital outflows. This suggests lingering skepticism about whether gold's recent rally can sustain itself.

However, for all the excitement around this week's ETF data, the bigger picture remains sobering. Since December 31, 2025, the SLV's total holdings are still in negative territory.