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Silver ETF outflows modest compared to gold

Posted on 15 July 2013

Gold exchange traded funds (ETFs) witnessed massive redemptions in the first half of 2013 causing gold prices to remain bearish. SPDR Gold Trust (GLD) prices ndropped 25% this year till July 10 while iShares Silver Trust (SLV) witnessed a fall of 37%.
However, when physical holdings in gold ETFs fell 24%, outflows in silver witnessed only a modest fall of 1% over the same peirod or just 0.3% of annual demand………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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