Hedge Funds Have Never Been This Bullish on Silver

from Mining.com

On Monday, silver was drifting lower again following a scorcher of a week when the metal gained 6% to hit a 2016 high above $16.30.

Silver futures in New York for delivery in May, the most active contract, was last trading at $16.23 an ounce, still up just shy of 17% so far this year.

Silver is now outperforming gold as investors seek an alternative to gold following the yellow metal’s disappointing retreat from 13-month highs above $1,270 hit in March.

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