28 million ounces of silver leave ETFs over last 4 weeks

During the recent silver price selloff, more metal has been leaving the silver ETFs, with the latest numbers showing that 28 million ounces have been removed over just the last 4 weeks alone.

Silver continues to also slowly trickle out of the COMEX registered silver category. And while it’s unknown exactly who the buyers were, it is possible that some of the metal is being used to fuel the retail silver market, as the latest Silver Institute Data shows overall deficits over the last 3 years.

But to find out more about the shift, as well as the other relevant economic news and data, click to watch this video now!