Silver exchange-traded funds saw modest net inflows this year, beating out their trading partner and more popular companion metal gold, which saw record outflows from ETFs.
Holdings in silver specialist investment vehicles, which allow ordinary investors to track silver prices without owning physical metal, were at 655 million ounces as of Oct. 31, up 25 million ounces from the start of the year.Compare that with holdings in the equivalent gold products, which saw outflows of 806 metric tons in 2013, according to Barclays PLC (LON:BARC) data from Monday.
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