UPDATE: Again silver goes up more, volume through the roof (SLV saw as much volume in past two days as it did in entire first half of 2025!) and yet moderate outflows from ETFs. When GLD went up a lot it saw inflows, SLV not getting the same love. My theory is silver is much more of an inside baseball asset, mostly institutional action and they likely have a big cohort of people profit taking which neutralizes any of the tourist FOMO buying.(Eric Balchunas)