Signs that the US economy is improving and will eventually be able to manage without the US Federal Reserve's wall of money, continue to put pressure on precious metals both through futures and exchange traded products.
Last week 13.1 metric tons were pulled from the total holdings in gold ETPs, according to Bloomberg, cutting the total to 1,829 tons, the lowest since March 2010.
Silver has seen four consecutive weeks of reduction for the first time since June as the investment outlook has become increasingly challenging.