Silver remains elevated but exposed to rate-driven liquidation

Silver is quoted around $60.91 per ounce and is reportedly up about 150% year over year, yet gold and silver ETFs have recently fallen as much as 3.6% as rate-hike fears intensified. ETF asset growth, including reported gold assets near $615 billion after a 16% August increase, must be separated from genuine new demand and underlying industrial/physical flows.