SCHWER-Gewichte in SILBER
Thumbs up for SILVER!
Der olle Silver-Bug:
Teras.
und zwar von seinem angesammelten Bauchfett...
Thumbs up for SILVER!
Der olle Silver-Bug:
Teras.
Mit Silber-freundlichen Grüßen!
Der olle Silver-Bug Teras.
* Holdings in biggest silver ETF up 0.6 pct Tuesday
* Technical breakout trigger momentum buying
* Economic optimism boosts silver industrial demand hopes
By Frank Tang
NEW YORK, Aug 14 (Reuters) - The amount of silver held by the world's largest silver-backed exchange-traded fund, iShares Silver Trust, rose to a four-month high as a sharp price rally in the metal and economic optimism triggered strong retail interest.
According to the latest update on the ETF's website on Tuesday, the tonnage of silver bullion bars held by the U.S. silver ETF increased nearly 60 tonnes, or 0.6 percent, to 10,454 tonnes, the highest since April 11.
On Wednesday, spot silver prices ended 2 percent higher, for the largest six-day consecutive rally in nearly two years. Spot silver has soared about 15 percent in the last six days, sharply outperforming gold's 5 percent gain.
Silver's technical breakout, breaking above key resistance of the 50-day moving average for the first time since February, boosted hopes that smaller investors will keep buying silver ETFs for the rest of the year.
"Retail investors are looking for momentum somewhere, and they are not getting it in the stock market," said Jeffrey Sica, chief investment officer at New Jersey-based Sica Wealth Management, which oversees more than $1 billion in client assets.
"With silver being such a momentum metal, once it went through those technical resistance, you are going to see retail investors pile into it," Sica said.
Silver has long been a favorite for smaller retail investors and speculators who want to gain exposure to gold at a fraction of the price. They also tend to buy and hold.
Sean McGillivray, head of asset allocation at Oregon-based Great Pacific Wealth Management, said he bought silver futures last week on the metal's technical breakout and after its price surged above $20 an ounce.
Meanwhile, gold ETFs have lost nearly a third of their holdings as funds and institutional investors, both major shareholders in gold ETFs, heavily sold the traditional inflation hedge on fears that the U.S. Federal Reserve could begin to unwind its bond-buyback stimulus.
"One of the key drivers is ... the realization that silver is, after all, an industrial metal and ought to benefit from an economic recovery," said Joni Teves, a precious metals analyst at UBS.
Recent stronger economic indicators around the world, including strong imports of industrial metals by China, sparked hopes that overall improvement in the global economy should boost silver demand.
UBS continues to expect holdings in major silver ETFs around the world to increase by 10 million ounces (311 tonnes) in 2013.
1. Februar 2011, 11:05 Uhr:
August 16, 2013, 12:41 PM
..."Demand going through China and India shows us two things,” said Jan Skoyles, head of research at The Real Asset Co., a precious-metals investment platform provider. “The first is that gold controls (in India) will not dampen demand for a safe, faceless currency. The second is that these countries’ demand is not price dependent; they do not flood in when they think the price in climbing.”
“Instead, they choose to buy gold because it is a form of savings,” she said.
Jonathan Citrin, founder and executive chairman at CitrinGroup, said that sentiment for gold is “trending toward positive, with the potential for considerable upside.”