Investors have not stuck by silver ETFs this year as they have in years past. SLV and SIVR have combined 2015 outflows of nearly $64 million while investors have poured $1.25 billion in to the SPDR Gold Shares (NYSEArca: GLD).
“Even though the demand for silver for industrial uses still has the biggest market share and China’s role is among the biggest for this segment, these developments are likely to take a secondary role on the progress of the price of SLV,” notes Cohen.
iShares Silver Trust
ETF Trends editorial team contributed to this article. Tom Lydon’s clients own shares of GLD.