Thursday, July 14, 2011

Silver recovers some of it post-high lustre


Silver has moved higher by over US$3/oz over the last 3 days dragged higher by new all time highs in its sister metal gold. Also by the nature of the silver market being a tiny % of the size of the gold market, any fund flows are significantly amplified.

Also many astute investors are coming to believe that silver is in fact rarer in bullion form than gold (something mentioned on this blog for over 1 year) as typified by unending shortages of retail size silver bars (and occasionally coins) since September last year.

No comments:

Post a Comment