Activity in the silver market is exploding: Assets under management (AUM) in the largest silver-backed ETF, SLV, have DOUBLED to $50 billion in just 100 trading sessions. This marks the 2nd-fastest run for any US ETF from $25 billion to $50 billion, only behind the largest Bitcoin ETF, IBIT, which hit this milestone in less than 50 trading days. By comparison, the MSCI EAFE ETF, IEFA, tracking developed markets outside the US and Canada, took ~270 sessions. This comes as SLV has posted 5 consecutive daily gains of over +3%, the longest streak since the fund was launched in April 2006. As a result, weekly trading volume in SLV is up to a record $79 billion, nearly double the previous peak in 2011. Silver’s momentum is unprecedented.(The Kobeissi Letter)