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SLV: Large Outflows Detected at ETF

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SLV: Large Outflows Detected at ETF




Insights on Recent Outflows Detected in SLV ETF

Exploring SLV’s Recent Large Outflows

Examining the latest statistics on ETF shares outstanding changes, notable movement catches the eye within the realm of ETFs covered at ETF Channel. Specifically, the iShares Silver Trust (Symbol: SLV) displays an approximate $103.5 million outflow, marking a 1.0% decrease from 467,100,000 to 462,500,000 shares in just one week.

A Glimpse at SLV’s Performance

Delving into the realm of price performance, SLV’s trajectory over the past year is illuminated against its 200-day moving average. Within this context, SLV’s journey is tracked against its low of $18.97 and high of $23.94 over the 52-week period, culminating in a recent trade at $22.52.

iShares Silver Trust 200 Day Moving Average Chart

The Dynamics of ETF Trading

ETFs, akin to stocks, provide investors an avenue to buy and sell “units” rather than traditional shares. These units can be actively traded, formed, or dissolved based on market demand. Monitoring week-over-week changes in share outstanding data unveils insights into ETFs experiencing significant inflows or outflows. Noteworthy flows can trigger the creation or destruction of units, subsequently influencing the underlying assets.

Click here to discover 9 other ETFs that have witnessed remarkable outflows »

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The author’s views and opinions expressed here do not necessarily align with those of Nasdaq, Inc.