Silver ETF Holdings on the Rise Despite Low Prices

ETF Trends reported that although the price of silver is falling, the holdings of silver exchange-traded funds (ETFs) continue to increase.

As quoted in the market news:

‘The tonnage of silver bullion held by the world’s six largest silver ETFs increased by 104 tonnes, or 0.6 percent, to a record 17,135.04 tonnes on Friday,’ reports Frank Tang for Reuters. As Reuters notes, the uptick in holdings at silver ETFs was led by a 1% for SLV.

For the month ended Sept. 12, SLV added almost $285 million in new assets, almost dollar-to-dollar with the $280.4 million investors pulled from GLD, the largest gold ETF. SIVR has added nearly $2 million in new assets over the same period.

Click here to read the full ETF Trends report.