Silver "Longs" Near Record Highs As ETF Holdings Surge

It's not just gold that has been in great demand. As Bloomberg notes, investors own the most silver in exchange-traded products in seven months, boosting holdings from a three-year low. The rebound comes as hedge funds and other money managers hold a near-record bet on further price gains.

 

Source: Bloomberg

The precious metal, which also has wide industrial uses, is up 11% this year.

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