With a noted decline in the US dollar overnight the gold and silver markets have been provided with fresh oxygen, and the bull camp has been given added confidence to extend yesterday's recovery.
Unfortunately for the bull camp, gold ETF holdings yesterday saw an outflow of 2,627 ounces, the 3rd straight day of outflows and ETFs have now seen net sales on the year of 2.02 million ounces.
Similarly, silver ETF holdings saw an outflow of 1.1 million ounces bringing the year-to-date "net sales" to 17.4 million ounces...[MORE]
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