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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

By

Eddie van der Walt and

Luzi-Ann Javier

June 9, 2016, 1:26 AM UTCUpdated onJune 9, 2016, 6:25 PM UTC

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.