The iShares Silver Trust (SLV), the world's largest silver ETF managed by BlackRock, bought a net of more than 136 tonnes of silver on October 15, following net purchases of 12.63 tonnes and 12.69 tonnes on October 13–14, lifting its holdings to about 15,510 tonnes. Spot silver fell about 6.6% to $55.6/ounce on October 14 after a hotter-than-expected US inflation report, then rebounded about 3% to $57.4/ounce on October 15 as the US dollar weakened and Treasury yields eased. US producer prices in September rose 1.3% month-on-month and 6.3% year-on-year, while CPI rose 0.6% and 3.7%, yet markets still expect the Fed to hold rates at its October 27–28 meeting. The article says weak industrial silver demand remains a limiting factor for the outlook.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Quỹ bạc lớn nhất thế giới bất ngờ gom thêm hơn 136 tấn chỉ trong một phiên, điều gì đang xảy ra?
Related news
- Silver Prices Plunge as World's Largest Silver Fund Scoops Up Tens of Tonnes
On October 14, silver fell more than 6% to below USD 55.6/ounce, its lowest level in three months, while gold dropped nearly 1.5% below USD 4,100/ounce. The same day, BlackRock's iShares Silver Trust (SLV), the world's largest silver ETF, net bought nearly 13 tonnes, bringing its holdings to about 15,370 tonnes after two earlier sessions totaling over 25 tonnes. The sell-off followed a hotter-than-expected September U.S. CPI, up 3.7% year on year against a 3.6% forecast, with core inflation at 2.6% and gasoline up 9.1%. Higher Treasury yields and a stronger dollar raised expectations of a Fed rate hike in October, with Kitco's estimated probability rising from 21% to 47%. Technically, USD 55/ounce is a key support level, with a possible drop toward USD 52, while resistance sits at USD 56.55-57.64/ounce.
- World's largest gold fund net buys more than 2 tonnes of gold in a single day
Gold prices on Kitco eased about 0.6% in the October 12 session to $4,172 an ounce, after a sharp rally the previous week. In the same session, SPDR Gold Trust, the world's largest gold fund, bought a net 2.3 tonnes of gold and now holds about 1,055 tonnes. Markets price in roughly a 17% chance of a Fed rate hike in October and an 87.7% chance of at least one hike before December, so gold is focused on whether upcoming September CPI data revives the year-end tightening path. The 10-year U.S. Treasury yield around 5.24% is also weighing on gold through real yields. Some analysts say gold may need to retest support near $4,000 an ounce, while another notes its rebound has lost momentum.
- A Fund Unexpectedly Sells Out Its Largest Holding in September
The SSI Sustainable Competitive Advantage Fund (SSI-SCA) exited its Vingroup (VIC) stake in September, even though the stock was its largest holding at the end of August at nearly 11%. As of end-September, the fund's net asset value was close to VND 1,300 billion, with stocks making up 78.62% of assets and cash rising to 21%, versus a monthly average of about 10%. The fund fell 3.1% in September, less than the 3.5% drop in the VN-Index. SSI-SCA attributed market pressure to rising global bond yields, high oil prices, weakening domestic liquidity and net foreign selling of about US$179 million. Financials remain the largest sector, with four of the fund's top five holdings being bank stocks.
- “Giant” fund aggressively buys more than 5 tonnes of gold in just one day
SPDR Gold Trust, the world's largest gold fund, bought more than 5 tonnes of gold on 16 October, lifting its holdings to 1,059 tonnes after a series of reversals in recent sessions. Spot gold closed at $4,165 an ounce, down 0.1%, after briefly nearing $4,200. Prices had peaked near $4,700 in late August and dropped to around $4,100 in early October. Investors are weighing persistent inflation against worries about high borrowing costs, and markets now price about an 83% chance the Fed holds rates at its 27–28 October meeting. Oil above $100 a barrel adds to inflation expectations, which the article says could limit gold's recovery.
- Which company has the world's highest earnings? The answer may surprise you
Samsung Electronics has overtaken Nvidia in quarterly operating profit, driven by its booming memory-chip business amid surging AI infrastructure demand. Samsung reported third-quarter operating profit of 107.4 trillion won (about $75 billion), up 783% year on year and 20% from the previous quarter, above Nvidia's estimated 97 trillion won. KB Securities kept its 'buy' rating with a 600,000-won target price and forecasts fourth-quarter operating profit of 114 trillion won, including 113 trillion from memory. It expects average selling prices for HBM to rise more than 100% year on year, which could accelerate earnings growth in 2027. Under its three-year shareholder-return programme with 110 trillion won remaining, Samsung could pay 70-80 trillion won in dividends and cancel shares worth 30-40 trillion won; KB argues its forward P/E of about 4 times is hard to justify.
- Bangkok Post - US Fed chief surprised by world economy resilience
Fed Chair Kevin Warsh said the global economy has shown unexpected resilience despite strong shocks, even as central banks fight surging inflation and rich countries face spiking bond yields. Speaking in Bangkok, he pointed to soaring energy prices since the war on Iran began in February, plus an AI investment surge, as drivers of inflation in many economies, including the US. The Fed has missed its 2% target for more than five years and raised rates in September for the first time in three years; markets expect a hold in October and a possible 25-basis-point hike in December. Warsh gave no hint on October's decision, saying the world has broadly matched the Fed's expectations. He called AI the most consequential change to the global economy he has seen, with a positive but “bumpy” path ahead.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.