Silver investor interest ticks higher but not enough to drive prices higher yet- 08-Aug.-2012

Silver investor interest is picking up but is not enough to drive prices higher just yet, said a commodities research note.

mine supply continues to grow on a year-on-year basis while industrial demand is down year-on-year. However, speculative net length by non-commercial futures traders has picked up to the highest level in nearly three months, although it remains below a year ago.

Meanwhile, including closed-end products, inflows into physically backed silver exchange-traded products have reached nearly 730 metric tons for the year to date.“Metal held in trust across all ETPs has climbed to its highest since early May last year.

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