Shares of the iShares Silver Trust (NYSE: SLV) surged 277% over 12 months, then plummeted nearly 30% in one day. Analysts warned of overbought silver futures, signaling a “blow-off top.”

As silver prices fell, President Trump’s nomination for Fed chair brought relief. Silver designated a “critical mineral” due to AI data centers and EU solar panel mandates. Silver supply shortage continues.

Despite the iShares Silver Trust’s decline, Citigroup projects silver prices to hit $150/ounce soon. The ETF faces volatility, but may offer an opportunity for investors looking ahead.

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Read more at Yahoo Finance: Should You Buy the iShares Silver Trust ETF After Its Steep Sell-Off?