Per Commerzbank: Gold ETFs Post Outflow But Silver ETFs Big Inflow

New York (Feb 20)  A long string of daily inflows of gold into exchange-traded funds finally ended, but there was a large inflow into silver ETFs at the end of last week, reports Commerzbank. The precious-metals ETFs trade like a stock but track the price of the commodity, with gold or silver put into storage to back the shares. “The 13-day streak of inflows into gold ETFs came to an end on Friday, (with) holdings being reduced by 5.1 tonnes,” Commerzbank reports. However, the bank later adds, “The picture is rather different when it comes to silver; ETF holdings here were increased by nearly 20 tonnes last Friday.”

Source: KitcoNews