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    market news

    Holdings in Silver ETPs Drop To Four Year Low

    Investing News Network
    Apr. 24, 2012 08:36AM PST
    Silver Investing

    Bloomberg reported that silver exchange-traded product holdings dropped to their lowest since January 2008.

    Bloomberg reported that silver exchange-traded product holdings dropped to their lowest since January 2008.

    As quoted in the market news:

    Assets in ETPs lost 3.6 percent yesterday, the biggest one- day drop since January 2008. Silver dropped as much as 3.8 percent to $30.48 an ounce yesterday, the lowest price since Jan. 20, and traded at $30.9325 by 1:35 p.m. in London today.

    Click here to read the full Bloomberg report.

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