Hedge Funds Least Bullish On Silver; Silver Hoard Nears Record

Bloomberg reported that investors’ silver holdings are at near-record, despite hedge funds being the least bullish on silver in almost four years. Analysts predict a rally as speculation mounts on stimulus measures by the central banks to boost growth.

As quoted in the report:

Hedge funds anticipate slowing growth will curb demand for silver, 53 percent of which is used in products from televisions to batteries. Investors and analysts are bullish on expectations central banks will do more to stimulate economies, expanding consumption and increasing the allure of precious metals as a store of value. Prices tripled as the Federal Reserve bought $2.3 trillion of debt in two rounds of so-called quantitative easing from December 2008 to June 2011.

Frederique Dubrion, the Geneva-based president and chief investment officer of Blue Star Advisors SA, commented:

Since the beginning of the year it has reacted more like a base metal than a precious one. The main negatives are still in industry. We’re waiting for more quantitative easing, and that would be really positive.

Click here to read the full Bloomberg report.

Get the Latest Silver Investing Stock Information

Get the latest information about companies associated with Silver Investing delivered directly to your inbox.

Silver $0-15m
Silver $15-50m
Silver $250m+
Silver $50-250m

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Silver-eBook-Cover-smallSilver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals

Leave a Reply