ETF commodity sell-off limited

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Redemptions in commodity ETFs have been mostly confined to "a few precious metal and energy products" despite a widespread fall in prices, according to ETF Securities.

Daniel Wills, senior analyst at the commodities specialist, said selling interest had been focused on silver and oil ETCs, while diversified and agriculture exposures continued to build. The London Stock Exchange was showing losses across almost all listed commodity ETFs and ETCs this morning, with Deutsche Bank's newly launched Physical Silver GBP Hedged ETC down a dramatic 13.15%. The falls came as the silver fix on the London Bullion Metal Association dropped below the $40 per troy ounce mark for the first time in almost a month yesterday, opening at $34.20 this morning, while gold...

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