The iShares Silver ETF (SLV) experienced a dramatic increase in trading volume, reaching nearly $40 billion on Monday, surpassing the trading volumes of tech giants Nvidia and Tesla, which recorded $23 billion and $22 billion respectively. This surge in activity comes as silver prices continue to climb, having more than doubled in 2025 and showing a nearly 60% increase in January 2026 alone. The ETF's average daily trading volume, which was around $2 billion a few months ago, had already risen to $10 billion by late December, reflecting the heightened interest in silver as its prices soar.