ETF gains positive for silver
Wed, Aug 27, 2008
Silver Investing News reports price of silver has dropped over 40% and there is buying pressure of silver ETFs.
That silver ETF has consistently seen more buying than selling pressure throughout August, the silver swoon is proof, according to Gene Arensberg of Resource Investor, that the silver bull run was far from over.
If the recent hefty sell down of silver was “systemic” or a threat to the silver bull market, then why haven’t we seen the “smart money” move to dump “their holding in both physical silver and in the silver exchange traded fund?” wondered Arensberg.
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Tags: price of silver, silver bull market, silver ETFs, silver exchange, Silver Investing News, silver metal, silver prices
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