| Certainly, the fundamentals are sound. Declining mine production has resulted in a tight supply as demand continues to rise. Investors are still keen on silver because of currency and geopolitical concerns. Holdings in the iShares Silver Trust, the largest silver exchange-traded fund (ETF) in the world, increased by 179 tonnes to 11,140 tonnes in the week to March 24. Gold holdings in ETFs fell over the same time period.
"The psychologically important mark of $40 a troy ounce is meanwhile within a reachable proximity," Commerzbank said on examining the ETF figures...........................................Full Article: Source
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