Investors Are Dumping This Silver ETF at the Fastest Pace Since 2011

Gold Silver Reports – Investors Are Dumping This Silver ETF at the Fastest Pace Since 2011 – Silver has tumbled about 7 percent since trading at a four-month high in September as precious metals lose favor amid the record-breaking rally in U.S. equity indexes.

Solid earnings reports from companies including Caterpillar Inc. are fueling optimism about global growth, bolstering the case for the Federal Reserve to keep raising borrowing costs and hurting the investment appeal of non-interest-bearing assets including gold and silver.

Investors pulled $362 million from iShares Silver Trust this year, setting it on course for the biggest redemption in six years. The exit has shrank holdings in the world’s largest ETF backed by the metal to the least since March 2016. IShares owns about half of the total silver holdings in all silver-backed ETFs tracked by Bloomberg.  – Neal Bhai Reports

Investors Are Dumping This Silver ETF at the Fastest Pace Since 2011 | Neal Bhai Reports | Gold Silver Reports