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Silver Acting Like ‘Gold on Steroids’ as Assets Near Record High

  • ETFs backed by silver have seen assets increase for 8 days
  • Prices are up 25% in 2016, tracking similar rally in gold
Updated on

For all the concerns whether the rally in precious metals will last, investors are close to making the biggest bet ever on silver.

Silver funds have taken in a wave of new cash this year and assets are approaching an all-time high. Prices are up 25 percent in 2016, tracking a similar rally in gold on speculation the Federal Reserve will hold off on raising interest rates.