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ETF Buyers Shun Top 2017 Commodity

April 20, 2017 : Permanent Link

(Bloomberg) ETF investors and hedge funds can’t seem to agree on this year’s best-performing commodity.While the price of silver is near the highest in five months and money managers are the most bullish on record, the rally has failed to convince buyers of exchange-traded funds backed by the metal. Money is flowing out of iShares Silver Trust, the biggest such ETF, for a seventh straight month, the longest slump in more than a decade.

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