ETFs tracking Silver prices rose again +8,77% yesterday to reach multi years high and some investors wanted to lock in the benefits as the segment registered -$48,88M of outflows the same day. Over the last 30 days, they rallied +39,19% with impressive cumulative flows of +$2Bn. Much of silver demand is derived from industrial use cases and the precious metal is at the core of some structural and technological shifts such as the implementation of a 5G network. Silver ETFs saw record inflows this year with +$4,8Bn. Their year-to-date performance is now standing at +38,06% and therefore largely offset the March losses. 27 funds tracking 9 indices are part of the segment for a total of $20,2Bn of assets under management.
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