Silver ETFs based in India have experienced remarkable growth since the first one launched just over 2 years ago. Silver holdings exceeded 1,000 tons in August.
It was a pretty quiet week for silver. So far, it looks like silver is holding that uptrend line currently near $30. Below $30 we could fall back to $29 and the 200-day moving average.
Silver followed gold lower this past week losing 3.2%. While silver lost it was encouraging as silver lost less than gold. Could it be signaling a turnaround?
