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Silver Sees Largest Daily ETF Inflow In A Year: BMO

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Silver’s demand is picking up with the metal seeing the largest daily ETF inflow over the past year, says BMO Global Commodities Research. “While gold ETF flows have hit the headlines over the past month, over the past week silver has seen a larger net positive change. In particular, yesterday saw the largest single daily inflow over the past year at 5.55m oz,” writes BMO Capital Markets managing director of commodities research Colin Hamilton. This marked fifth consecutive day of gains for silver. “With gold having priced in potential rate cuts extremely quickly, we view silver as the catch-up trade at present, particularly if retail investors help to lift bar and coin demand,” Hamilton says.  

By Anna Golubova of Kitco News; agolubova@kitco.com

 

Risk Aversion To Boost Gold And Silver For The Rest Of 2019: Capital Economics

Thursday July 04, 2019 11:04

Gold and silver prices will remain supported for the rest of the year as risk aversion dominates the markets, according to commodity economists at Capital Economics. Looser monetary policies worldwide and slower economic growth are positive for precious metals prices. “Dovish shifts of stance by major central banks and a more downbeat outlook for global growth prompted inflows into safe-haven assets last month. We think that rising investor risk aversion will buttress gold and silver prices through the remainder of this year,” write economists. Capital Economics sees silver rising to $16 an ounce by the end of this year on stronger demand. “Coin sales have already risen so far in 2019, and should continue to benefit from the rising appetite for safe havens. As such, we expect the gold/silver price ratio to fall this year,” they say. 

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