Silver ETF Climbs 2.8% as Reddit Bears Capitulate and Shorts Cover
The iShares Silver Trust ETF climbed 2.8% on Feb. 24, its largest one-day gain since December, after bearish traders on Reddit liquidated positions. Net short interest in silver futures fell 18% while SLV attracted $12 million in inflows, reversing two weeks of outflows.
1. SLV’s Largest One-Day Gain Since December
On Feb. 24, the iShares Silver Trust ETF jumped 2.8%, marking its biggest single‐session advance since December as downward pressure eased.
2. Reddit Bears Capitulate and Short Covering
Bearish traders on Reddit liquidated positions, cutting net short interest in silver futures by 18%, signaling a retreat of speculative downside bets.
3. ETF Flows Reverse Two-Week Outflows
SLV saw $12 million in inflows on the session, reversing two consecutive weeks of redemptions and underscoring renewed investor appetite for silver exposure.
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