Silver ETF SLV hit its worst day in five years — then bounced back as China export rules and margin hikes bite
NEW YORK, December 30, 2025, 10:52 ET The iShares Silver Trust, the biggest U.S. silver-backed exchange-traded fund (ETF), fell about 7% on Monday in its steepest one-day drop in five years as silver prices retreated from record highs. SLV was up about 4% in Tuesday trading, a sign that volatility has not left a market that has surged through year-end. The swings matter because ETFs such as SLV have become a main channel for retail investors to trade silver without storing the metal. Sharp reversals can force fast exits in crowded trades, especially late in the year when liquidity is