Silver ETP Holdings Slump by Most in More Than Four Years - Bloomberg

TheSilverPrice

Silver ETP Holdings Slump by Most in More Than Four Years - Bloomberg

Silver holdings in exchange-traded products slumped by $626.9 million as prices traded near a three-month low and exchange stockpiles climbed, underscoring concern a global economic slowdown may curb demand.

Assets in ETPs lost 3.6 percent yesterday, the biggest one- day drop since January 2008. Silver dropped as much as 3.8 percent to $30.48 an ounce yesterday, the lowest price since Jan. 20, and traded at $30.9325 by 1:35 p.m. in London today.