Investment case
Welcome to Orchid’s Silver weekly report, in which we wish to deliver our regular thoughts on the silver market through the Aberdeen Standard Physical Silver Shares ETF (SIVR).
SIVR has weakened further since we published our previous weekly update (Sept. 8, 2019), driven by a reduction in safe-haven demand after easing US-China trade tensions.
The magnitude of the selloff so far in September (-1%) is small compared with the stellar performance in August (+13%).
Although further downward pressure in SIVR cannot be ruled out in the near term, we expect some