Silver ETP grew thrice in first 3 quarters!
Silver Exchange Traded Product Holdings Nearly Triple in First Three Quarters of 2020 Compared to Same Period Last Year Global silver Exchange Traded Product (ETP) holdings rose by 297 million ounces (Moz) through the third quarter of this year, nearly tripling the growth in the comparable period last year (297 Moz vs. 103 Moz). ETP holdings through the end of September stood at 1.026 billion ounces (Boz), slightly off the high of 1.052 Boz recorded in August, according to an analysis published by The Silver Institute. Global ETP holdings are on an upward trajectory in the 4th quarter, and as of the October 23rd, were over 1.045 Boz, slightly off the high registered in August. Globally, silver bullion coin demand is up strongly, with a 65 percent increase in demand over the first three quarters of 2020. This was due to strong sales in two key bullion coin markets, the U.S. and Germany, with both seeing substantial double-digit gains over the first nine months....