Silver ETF holdings rise sharply to highest level since October 2010

Holdings in the various Silver exchange-traded funds rose by 9.16 million ounces on Wednesday, to total 481.17 million, the largest daily increase since Nov. 10, 2010, said UBS in a briefing.

According to UBS, this is the highest level since October 2010. The bulk of the purchases came from the Sprott Fund. The rise in ETF purchases allowed Silver to outperform gold, pushing the gold/silver ratio to this year’s low of 54.40. – CommodityOnline

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Posted by Silver Guru on Jan 20 2012. Filed under Silver stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry