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INVESTMENT
the 'Fed put' has resumed."
What about silver? Isn't the white
metal supposed to follow gold? Yes, there
has not been a great rise in the price of
silver; however, Kitco reported that
sil-
ver's
demand is picking up with the metal
seeing the largest daily ETF inflow over
the past year, according to BMO Global
Commodities Research. "While gold ETF
flows have hit the headlines over the past
month, over the past week silver has
seen a larger net positive change. In par
-
ticular, yesterday (July 3) saw the largest
single daily inflow over the past year at
5.55 million ounces," writes BMO Capital
Markets managing director of commodi-
ties research, Colin Hamilton.
This marked the fifth consecutive day
of gains for silver. "With gold having
priced in potential rate cuts extremely
quickly, we view silver as the catch-
up trade at present, particularly if
retail investors help to lift bar and coin
demand," Hamilton says.
Does this mean that silver is about to
step into the spotlight? Shares of some
silver producers such as First Majestic
Silver, Pan American Silver and Avino
Silver & Gold have already seen impres
-
sive increases in their share value.
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