Hedge funds keep betting on silver even as rally starts to fade

Author Name: 
Luzi Ann Javier
Published Date: 
Monday, May 16, 2016
Body: 

Money managers increased their net-long holdings in silver by 7% to 71,656 US futures and options contracts in the week ended May 10, according to Commodity Futures Trading Commission data released three days later. Futures fell 2.3% to $17.132 an ounce last week on the Comex in New York. Prices are up 24% this year.

The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

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