Silver driving Gold

Posted by Robert Levy - Border Gold Corp.

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Despite gold being up 20 percent from its end of June lows, silver is really the big winner with its price in US dollars being up almost 32 percent (noted it fell greater than gold). Where we have seen huge selling in the ETF’s and record outflows of physical gold, silver ETF’s are yet to see outflows of metal as their remains a healthy demand. In fact, holdings of physical silver in ETF’s are up 6 percent this year, once again hitting record highs in August. 

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