The silver price has been trending lower but demand for silver ETF’s has been going up. A surprising disconnect.
goldsilverworlds.com / By Taki Tsaklanos / October 7, 2014
Record high net silver short positions by technical funds in the futures market, close to record low sentiment, technically record oversold indicators, and a four year price low. That is where we stand in silver. The picture in gold is more or less comparable, although we would use the word “record” slightly less.
Logically, investment interest in the metals should be trending lower. That appears to be partly right. As the following charts show, interest in gold investments as evidenced by gold ETF’s (the most popular Western gold investment vehicles) has been trending lower along with a drop in the gold price.
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