15.09.2015 - Hard to bet on More Upside for Silver ETFs
The iShares Silver Trust and the ETFS Physical Silver Shares are each down nearly 5% over the past month, indicating that now might not be the time to bet on upside for the white metal. The strong dollar is a thorn in the side of commodities, which are dollar-denominated. Not to mention the other headwinds facing marquee commodities, such as gold and silver. Silver is used in many industrial applications, but industrial demand is diminishing as global growth, notably China, begins to slow. Industrial demand for silver dipped 0.5% last year on lower demand from Europe and North America...............................................Full Article: Source
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