Record Silver ETFs Fail to Stem Slide in Metal Prices: Chart

Not even record holdings in exchange-traded funds backed by silver are enough to stop the metal from sliding to a seven-week low. Futures slumped for a third straight week, the worst streak since May 27, as precious metals retreated amid rising bets U.S. borrowing costs will increase this year, curbing the appeal of non-interest-bearing assets. Even money managers pared their bullish bets on the metal for a third week, government data show.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.