ETFs tracking Silver prices retraced by -3,71% yesterday as they registered -$48,51M outflows. This consolidation comes after a rally of +16,54% over the past 30 days which saw inflows of +$721,79M. The silver price surge, like other precious metals, has been driven by the low interest rates environment maintained in the context of the global pandemic. Investors seem not to apprehend this retracement as a trend reversal but rather as a much-needed consolidation. Silver ETFs saw record inflows of +$5,75Bn this year as their performance skyrocketed to +58,46% YTD after tumbling as low as -34,14% in mid-March. 27 funds tracking 9 indices are part of the segment for a total of $24,08Bn of assets under management.