Holdings in Silver ETPs Drop To Four Year Low

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.