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Gold, silver ETFs see outflows after mini-slump

Posted on 17 October 2012

Gold and silver prices have corrected a bit this month after the strong run in August and September on central bank stimulus, causing some traders to scale back on precious metal ETFs recently.
Holdings of bullion exchange traded funds fell by 213,228 ounces on Monday, due to an outflow from the largest gold ETF, SPDR Gold Shares, according to Reuters. The biggest silver ETF, iShares Silver Trust, logged an outflow of 290,558 ounces on Monday………………………………………..Full Article: Source


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VRS - who has written 38126 posts on Opalesque Commodities Briefing.


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