Market Nuggets Silver Sees Largest Daily ETF Inflow In A Year

Silver’s demand is picking up with the metal seeing the largest daily ETF inflow over the past year, says BMO Global Commodities Research. “While gold ETF flows have hit the headlines over the past month, over the past week silver has seen a larger net positive change. In particular, yesterday saw the largest single daily inflow over the past year at 5.55m oz,” writes BMO Capital Markets managing director of commodities research Colin Hamilton. This marked fifth consecutive day of gains for silver. “With gold having priced in potential rate cuts extremely quickly, we view silver as the catch-up trade at present, particularly if retail investors help to lift bar and coin demand,”

 

I imagine that ETF silver is a byproduct of ETF gold. I understand you need to mine 3 tonnes of paper to get 1 ETF gold ounce. Within the residue or tailings can be found many ounces of ETF silver!