Investors are rushing towards the white metal: Silver ETFs recorded the second highest weekly inflow this year.

Silver is witnessing unprecedented demand from investors, having reached a record level exceeding $62 per ounce. Last week, weekly inflows into silver ETFs were the highest since July, a strong indicator of investor interest, despite signs that silver gains may be overblown.

ETFs are now on track to attract their tenth monthly inflow this year. Silver has more than doubled this year, outperforming gold, with gains accelerating in the past two months due to global supply constraints, particularly a decline in Chinese inventories to their lowest levels in a decade.

Silver is no longer just an investment; it has become a symbol of scarcity and increasing industrial demand, as it is used in electronic boards, solar panels, and medical supplies. Expectations of interest rate cuts from the Federal Reserve may push silver higher in the coming months, enhancing its appeal as both an investment and industrial asset.

Source: Bloomberg + Yahoo Finance + Market Watch.

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