Silver News
ETF Securities said on Thursday the amount of metal it holds to back its silver exchange-traded commodity rose to a record 20.064 million ounces on June 3, while its palladium holdings also hit an all-time high.
ETFS Physical Silver (PHAG.L) has added 2.3 million ounces or 12.7 percent to its holdings in the last month, according to data released by the company.
Holdings of its ETFS Physical Palladium product meanwhile rose 13,677 ounces on Wednesday, lifting them 4.7 percent to a record 304,635 ounces.
Exchange-traded funds, which issue securities backed by physical stocks of a particular metal, have represented a major source of demand for precious metals in recent years.
Silver News
Thursday, June 4, 2009
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