SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Goose94 who wrote (16915)4/5/2016 9:20:07 AM
From: Goose94Read Replies (1) of 202922
 
Some Physical Investment Demand Shifting From Gold To Silver

Commerzbank says some of the physical investment demand for precious metals is shifting from gold to silver. Gold exchange-traded funds posted outflows of 1.2 tonnes Monday after last week recording their first weekly outflow – of some 6 tonnes – since the beginning of the year, analysts say. “The currently weak physical demand in Asia is therefore no longer being offset by ETF inflows,” Commerzbank says. “Holdings in silver ETFs continue to be built up, on the other hand – by 52 tonnes yesterday and by 164 tonnes last week. A shift can also be observed when it comes to demand for coins. While March saw 38,000 ounces of (U.S. Mint American Eagle) gold coins sold in the U.S., which is 18% down on the year-on-year figure, silver coin sales surged by 17% to 4.1 million ounces.”

By Allen Sykora
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext