Silver shines as ETFs see record inflows

Investors' appetite for silver cranked up a notch last week. Having traded in a range of $15 to $20 an ounce for most of the year, the price of silver has jumped 40% to around $27 since late August. Silver ETFs saw record inflows, with iShares adding 16.8 million ounces in the US. Silver-backed exchange-traded products have gone from starting out with nothing to about 14,000 metric tonnes - equivalent to almost seven months' worth of supply - in less than five years. Last week also saw global markets retract slightly, showing the first real signs of a corrective price move since the s...