Gold Spot Below $1,424 Only Sell Sell Sell, Sell Kar ke So Jaao, Big Down Fall Expected
Silver’s demand is picking up with the metal seeing the largest daily ETF inflow over the past year, “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. 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,” Hamilton says.
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