The iShares Silver Trust (NYSEArca: SLV) and the ETFS Physical Silver Shares (NYSEArca: SIVR) added a combined $26 million in new assets last week.
Inflows to silver ETFs, typically a destination for retail investors, arrived as hedge and professional speculators trimmed their bullish bets on gold futures for the fourth week in five with “open interest in New York futures is the smallest in five years, and assets in global exchange-traded products backed by the metal in August posted the biggest monthly drop since May,” reports Bloomberg.
SPDR Gold Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.