SLVU.TO stock down 60.33% pre-market 02 Feb 2026: what traders should watch next

SLVU.TO stock plunged 60.33% pre-market to C$110.10 on 02 Feb 2026 on the TSX in Canada, after an open at C$198.05 and a previous close of C$277.55. Trading volume surged to 971,685 shares vs average 263,595, signalling heavy liquidation. SLVU is a leveraged silver ETF (BetaPro Silver 2x Daily Bull ETF) designed for daily 2x exposure. We explain the drivers, technical backdrop, Meyka AI grade and model forecasts to help investors parse risk and opportunity