Silver ETFs Climb 5% on Waning Sentiment, Fed Talk

China Business News reported that weak economic news led to an increase in silver ETFs.

As quoted in the market news:

There was safe-haven buying Tuesday on speculation European Union leaders will announce a plan Wednesday that’s short on details and specific steps for dealing with the debt crisis and Greece, Kitco News reported. Silver prices hit a fresh four-week high. The silver bulls now have the overall near-term technical advantage, Kitco said.

Click here to read the full China Business News report.