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Silver ETF holdings sink most in 12 months; traders fear retail exit

Posted on 26 June 2013

Holdings of the world’s largest silver-backed exchange-traded funds have fallen their most in a year to levels last seen in December, sparking fears that mom-and-pop investors have started to unwind investments after last week’s rout.
The world’s largest silver ETF, the iShares Silver Trust , on Monday posted a 192-tonne, or nearly 2 percent, decline to 9,882 tonnes, its biggest daily drop since June last year. Similarly, holdings in six major silver ETFs tracked by Reuters fell to 16,139 tonnes, their lowest since December………………………………………..Full Article: Source


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