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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

Silver ETFs fall harder than gold, test 200-day average

Posted on 07 November 2012

Precious metals ETFs have weakened since the end of September but silver funds are down nearly twice as much as gold prices during the recent pullback. For the month ended Nov. 5, iShares Silver Trust was off 9.8% compared with a 5.4% decline for SPDR Gold Shares, according to Morningstar.
The silver ETF is currently testing its 200-day simple moving average. It hasn’t slipped below this technical indicator since late August………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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