Silver ETFs have not been immune to the October outflows theme. For example, the iShares Silver Trust (NYSEArca: SLV) has lost almost $162.3 million in assets since the start of the month. [Silver ETFs Could Shine for Long-Term Investors]
News of October outflows comes after HSBC said last week physical demand from emerging Asian economies eager to flight inflation, such as India and Vietnam, could support gold prices in the coming years. The recent decline in gold prices has helped spur greater demand for gold buyers across Asia as a store of value in light of increasing inflation. [Asia’s Lust for Bullion Could Boost Gold ETFs]
SPDR Gold Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD and SLV.