Silver ETF flows triple over past year
“Investors sought security in silver-backed Exchange-Traded Products (ETPs) in the first nine months of 2020, nearly tripling the amount amassed compared to the comparable period in 2019. Investors have also had a strong appetitite for investment in silver bullion coins and bars during the first three quarters of this year. Overall, this reflects both silver’s role as a safe haven asset and as a leveraged play on gold, as some investors expect silver to outperform the yellow metal.”
USAGOLD note: Silver demand has been strong and steady at USAGOLD in 2020. Most of the volume is in the American Eagle bullion coin with the Canadian Maple Leaf in the number two position.
Repost from 10-18-2020