SLV’s $38 Billion Couldn’t Stop the 7% Fed Triggered Meltdown

Quick Read iShares Silver Trust (SLV) dropped nearly 7% in the week ending February 6 after gaining 139% over the prior 12 months. Kevin Warsh’s Fed chair nomination catalyzed the SLV selloff by signaling policy continuity that favors a stronger dollar. Physical silver remained in backwardation during the decline. Spot prices exceeded futures despite aggressive futures selling. Investors rethink 'hands off' investing and decide to start making real money iShares Silver Trust (NYSEARCA:SLV) droppe ...