The Silver Paradox In One Chart

Jon Alternative Media, Blogosphere, Economy, Gold, Market Commentary, Precious Metals, Silver

As gold and silver prices tumble to multi-year lows, an odd thing is happening in the ‘paper’ precious metals ETF markets. Demand remains high for silver ETF exposure as ‘someone’ is aggressively unwinding gold ETF positions.. and yet the prices for both are falling rapidly. It appears the retail investor is taking advantage of the lower prices in silver to accumulate additional exposure as Credit Suisse notes, “the perception is that silver will do well, and should outperform gold as the economic recovery strengthens,” adding that “belief in silver’s dual properties, as a financial asset and also as an industrial metal, appears to remain strong.”
*SPDR GOLD HOLDINGS TUMBLE 1% TO 776.44 TONS, LOWEST SINCE 2008

This post was published at Zero Hedge on 09/19/2014.