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

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.