Silver's 4% Single-Day Surge: The Supply Squeeze and Technical Setup to Watch
Silver futures (SI=F) closed at $60.02 on Tuesday, up 1.53% on the session, while SLV, the silver ETF, gained 4.12% on 12.6 million shares. That kind of volume does not appear on a quiet day. When a commodity ETF moves more than 4% on that kind of turnover, the market is telling you something beyond a routine risk-on rotation. Key Takeaways SLV gained 4.12% on July 22, 2026 on 12.6 million shares, a level of volume that points to institutional accumulation rather than retail noise. Silver futures (SI=F) stand at $60.02, roughly 50% below the January 2026 high of $121.30, with the gold/silver ratio at approximately 68:1. Physical silver markets are heading into their fifth consecutive year of…
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