The “tonnes in the trust” at the world’s most popular silver ETF – the iShares Silver Trust (NYSE:SLV) – reached a record high yesterday at just under 11,000 tonnes after a series of additions over the last month totaling more than 600 tonnes.
To what extent Asian investors redeeming their shares earlier in the year in order to take delivery (as widely rumored) affected the SLV inventory remains unclear, but, one thing is certain – demand for new SLV shares has soared in recent weeks, an average of 44 tonnes being added to the ETF per day over the last seven days of trading.
Source: SLV Inventory Hits Record High
