Silver ETFs
What’s going on with the silver prices? Silver is now outperforming every asset and the chart looks parabolic. The squeeze is there, and some big players are suffering as their shorts just keep on going up. Are we building a future silver bubble?
“During the past week, silver ETF assets showed a 23% increase from just three weeks ago, according to Jason Zweig in hisweekend WSJ column.
The growth in assets came as popular funds such as the iShares Gold Trust (SLV) and the ETFS Physical Silver Shares (SIVR) continued to generate greater returns.
As a result, almost 90 million shares of SLV traded on Wednesday alone, notes Zweig.
But he warns that such heady activity may come with some dark clouds lingering overhead.” (Barrons)