ETF Holdings Hit Records As Investors Funnel Into Precious Metals

By
Devon Layne
September 26, 2012
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Gold ETF holdings continue to set records while silver holdings are close to a record level after each of the metals last week gained 1.4 million and 5.8 million troy ounces, reaching 81.9 million and 596 million ounces, respectively, according to an article published on Hard Assets Investor.

Prices of the yellow and gray metals are consolidating just under $1,800 and $36 per ounce, or close to their corresponding key levels of support. Moreover, the approaching “fiscal cliff” in the U.S. is likely to send the metals to their next resistance levels of $1,920 and $40 a troy ounce, respectively, HAI said.

Platinum ETF holdings jumped higher as well, reaching a record 1.5 million after gaining 15,000 throughout the week. However, palladium holdings dropped 1,000 troy ounces to 1.95 million, according to the article.

For the full story, go to HardAssetsInvestor.com.

ETF DAILY DATA

The small-cap fund 'IWM' added money on Thursday, Jan. 22, as net inflows and markets stoked higher by eurozone QE news lifted total U.S.-listed ETF assets above $2 trillion.

A slew of iShares funds, including the eurozone-focused 'EZU,' paced the firm's issuer-leading inflows on Thursday, Jan. 22. The ECB's announcement about aggressive QE in the eurozone stoked markets and lifted total U.S.-listed ETF assets to more than $2 trillion.

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