Boom and bust of the recent silver and gold rush: the role of leveraged retail investors | BIS
> BIS: After a strong rally in 2025 and early 2026, gold and silver prices reversed abruptly in late January and February 2026. Retail-driven exuberance set the stage for outsize moves. Leveraged ETF rebalancing and margin calls amplified the swings. [https://bit.ly/4sdeNsd](https://t.co/5cjUwb1V1G)











