| Precious metals are among this year’s top performing commodities with the iShares Silver Trust (SLV) and ETFS Physical Silver Shares (SIVR) being leaders of that charge. As a result, holdings of the white metal at silver ETFs are swelling.
Silver and other precious metals enjoyed safe-haven demand as the equities market plunged into a correction. The metal also maintained its momentum as the Federal Reserve lowered its interest rate outlook to only two hikes this year from a previously expected four rate hikes. Additionally, with the dovish Fed stance, the U.S. dollar weakened, which made USD-denominated silver cheaper for foreign buyers and a better store of value for U.S. investors...............................................Full Article: Source
|