Silver and gold ETF trading volumes went parabolic this week:

Trading volume in the largest silver-backed ETF, $SLV, surpassed a record $40 billion on Friday.

Daily volume in the largest gold-backed ETF, $GLD, also hit an all-time high of ~$40 billion.

Both exceeded the turnover of any other asset, with $TSLA, the next highest, at ~$35 billion.

This follows Thursday, when $GLD and $SLV saw $25 billion and $20 billion of volume.

As a result, their combined trading volume over the week surged to a record ~$280 billion.

This is more than DOUBLE the previous peak seen in October 2025 and more than QUADRUPLE 2020 levels.

It was a historic week for precious metals.

TSLAUSDT

Perp

406.09

-2.91%

XAUUSDT

Perp

4,924.55

+0.30%

XAGUSDT

Perp

85.84

+2.83%