LONDON (Commodity Online): Just as holdings in Gold exchange-traded funds and products have risen since the lows of September, holdings also are higher in these types of Silver investments, said TD Securities in a snippet.
Silver holdings have increased by about 2.5% to 588.8 million ounces since the late-summer sell-off.
“However, investors don’t seem to be as enthusiastic about the white metal, as silver in ETF/ETP holdings are still about 17 million ounces lower or -2.8%) than they were at the beginning of the year,” TDS added.
“We expect investors to continue buying Gold and silver-backed ETF/ETPs next year, as investors continue to hedge against possible future inflation, currency and systemic risk.” TDS anticipated Silver ETF/ETP holdings will increase by some 50 million ounces next year.
By Allen Sykora of Kitco News; asykora@kitco.com
