SILVER FRENZY Silver’s rally drove nearly $40B in trading volume for the iShares Silver Trust on Monday, rivaling the S&P 500 ETF and surpassing Nvidia and Tesla. Silver has more than doubled in 2025 and is up almost 60% this month—its biggest gain since 1979. Gold and mining stocks are rising too, but thin liquidity suggests speculation is driving the surge, increasing the risk of a sharp reversal.(*Walter Bloomberg)