🟡 Retail investors are piling into gold and silver.

The largest physical gold ETF, $GLD, has attracted +$16B in retail inflows over the past year.

The largest silver ETF, $SLV, has seen +$4B from individual investors.
In just the last 5 months, retail added +$9B to $GLD (~56% of yearly inflows) and +$3B to $SLV 3x more than the prior 7 months.

Globally, gold ETFs pulled in +$19B in January, the strongest month on record.

Retail demand for precious metals is surging. 📈