InvestEgate.co.uk reports the demand for silver and gold ETFs are strong with the volatile markets. ETFS Physical Silver experienced a net inflow over the six-day period of USD7m, an increase of 4% or 1,194,729 ounces. Over the past six weeks, the product’s volume of silver has increased by 25% to 12.8 million ounces, the highest [...]
FXstreet.com reports gold and silver prices have rised with the current instability in the financial markets. Comex gold and have ticked higher on apparent flight-to-safety buying, says Bart Melek, global commodity strategist with BMO Capital Markets. The metals are up despite a stronger dollar, which normally pressures gold and silver, he notes. Gold fell on apparent profit-taking Tuesday [...]
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