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Benzinga
Benzinga
Business
Piero Cingari

Silver's Worst Month Since 2011: Why Wall Street's Favorite Trade Unraveled

Stacked,Silver,Bars,,Silver,Reserves,,Stocks

June is on track to be silver’s worst month in nearly 15 years.

The metal — tracked by the iShares Silver Trust (NYSE:SLV) — tumbled more than 20% on the mont, its steepest monthly decline since September 2011, based on monthly price data. At around $60 an ounce, silver has roughly halved from its January high when it was Wall Street’s hottest trade.

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