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Commerzbank: Gold ETF Holdings Fall While Those For Silver Rise
Flows in and out of gold and silver exchange-traded funds have moved in opposite directions in recent days, notes Commerzbank.
Friday April 28, 2017 09:35
Flows in and out of gold and silver exchange-traded funds have moved in opposite directions in recent days, notes Commerzbank. “While gold ETFs recorded their fourth consecutive daily outflow yesterday, holdings being reduced by 8.2 tonnes during this period, silver ETFs saw considerable inflows,” the bank reports. “These have totaled 171 tonnes over the past three days of trading, putting holdings back over 20,000 tonnes.”
By Allen Sykora
For Kitco News
Gold ETF Holdings
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