Goldman's Five Most 'WTF' Charts For Metals

Friday's extreme price action in silver (XAG spot -26%) prompted a tsunami of questions from readers as to 'WTF' just happened.

Goldman Sachs ETF desk was also inundated with inbounds, noting that while there are lots of ways to get metals exposure (physical, futures, etc.), one could argue the tradability and liquidity offered through ETFs are competitive advantages for the structure, especially for the retail use case.