Silver’s ETF Demand Outpaces Gold by Most Ever: Chart of the Day
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Investors in exchange-traded funds backed by silver have stayed loyal to the metal longer than those who bought gold.
The CHART OF THE DAY shows shares outstanding for the biggest U.S. silver ETF surpassing those for the nation’s largest gold fund by the most since 2006, when the iShares Silver Trust was created. Retail buyers are sticking with silver even as prices fell 4.4 percent this year, the most of any precious metal. Gold’s 2 percent gain wasn’t enough to halt declines in selling, and assets in the SPDR Gold Trust are set for a second annual loss.