empty
 
 
01.07.2021 01:58 PM
Supply disruptions continue to jar physical silver

This image is no longer relevant

Supply disruptions, which began during the COVID-19 outbreak, continue to cause shortages in physical silver. Rick Harrison, pawn shop owner from the reality show Pawn Stars, said the metal is very hard to come by right now because shipping is difficult.

And according to the data released by the Commodity Futures Trading Commission (CFTC), many investors reduced their net long silver positions in the futures markets.

This image is no longer relevant

The report said non-commercial silver futures reached a net position of 3,981 contracts in June, while commercial silver futures hit a net position of -57,682 contracts. The weekly change was 12,431 net contracts.

Obviously, this means that exchange-traded silver funds (ETFs) are more liquid than owning the precious metal.

Investors clearly prefer silver when hedging inflation, and they favor ETFs, which contain silver or silver futures, not silver mining stocks.

Hence, over the past year, silver ETFs showed very good performance in the market.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback