Retail investors pour over $920 million into silver ETFs as prices hit fresh records in January 2026

In the past 30 days, retail investors have directed more than $920 million into silver-focused ETFs, with iShares Silver Trust (SLV) logging 169 consecutive sessions of inflows. Silver prices recently climbed to record levels around $94 before a 7.3% pullback, while President Donald Trump opted against broad new tariffs on critical minerals. Analysts highlight tight supply, strong industrial demand and heightened geopolitical tensions as drivers of continued interest, but also flag the rapid pace of recent gains as a near-term risk.