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Silver ETF holdings drop nearly 53 percent, Otavio (Tavi) Costa reveals

Silver ETF holdings drop nearly 53 percent, Otavio (Tavi) Costa reveals
Silver ETF holdings reach record low

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant decline in silver ETF holdings, noting that they were down nearly 53 percent just a few days ago.

He states that this represents the largest drawdown in both percentage and nominal terms ever recorded. According to Costa, past periods with similar outflows occurred around the March 2020 low and near the 2022 bottom, both historically associated with market bottoms.

Costa has previously noted that gold miners are trading at historic discounts to the S&P 500 despite solid fundamentals, according to a recent post (link). He also observed that the money supply is now expanding at the fastest pace seen in five years (link). These observations provide additional context to his recent remarks on silver ETF outflows.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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