BullionWorldMagazine/Georgia Williams/12-13-2021
“Silver’s move to US$28.55 wasn’t the only milestone the white metal registered in 2021. Demand for silver exchange-traded products touched an all-time high during Q1, when holdings topped 1.2 billion ounces. Healthy purchases from the investment and industrial segments helped silver demand surpass 1 billion ounces for the first time since 2015.”
USAGOLD note: That buildup at the ETFs – significant as it is – passed by without getting much attention in financial media. Increasingly, investors are viewing silver as a safe haven alternative that is priced right at this time. The very strong 2020 increase in silver ETF stockpiles indicating strong fund and institution in the metal is another overlooked indicator of interest in the white metal.
Chart courtesy of GoldChartsRUs.com
