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Silver in ETPs Set for Record as Central Banks Ignite Demand

Tuesday, September 25th

Silver assets in exchange-traded products are poised to expand to a record, joining the biggest-ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals.

The amount held in ETPs was 18,525.76 metric tons yesterday, 0.6 percent below the peak of 18,639.07 tons in April 2011, according to data compiled by Bloomberg. Silver, which also benefits from bets on economic recovery, has risen 22 percent this year, outperforming gold, platinum and palladium futures.

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