The iShares Silver Trust (SLV) saw an inflow of approximately $191.9 million, marking a 1.5% week-over-week increase in outstanding units, rising from 502,650,000 to 510,200,000. This shift was noted in the year leading up to the report, reflecting significant investor interest in the ETF.
As of the latest trading session, SLV’s share price was $25.27, with a 52-week low of $18.97 and a high of $29.56. This performance is to be evaluated against its 200-day moving average, which is a common technical analysis tool for investors.
Each week, ETF Channel tracks changes in shares outstanding to identify ETFs with notable inflows or outflows. The creation of new units typically requires purchasing the underlying assets, which can impact their prices in the market.
