This marks an end to the hot-air premiums at which the silver ETFs traded last week. (Photo: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The frenzy around silver exchange-traded funds (ETFs) appears to be cooling, with most funds trading at a discount over the last two sessions.

This marks an end to the hot-air premiums at which the silver ETFs traded in the preceding five sessions, rising by 5-10% each, as the precious metal's demand soared amid a global shortage.

Silver ETFs started surging after Oct. 9, when global silver rates crossed $40 an ounce after the London Bullion Market Association pointed towards a shortage in physical silver.

Starting Friday, a reversal of this trend could be seen, as the ease in global supply has led to the tapering in glob

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