With with gold and silver selling off last night there should be increased physical buying in the markets today. Many investors, particularly those after silver, have been waiting on the sidelines for a sharp drop from the US$40/oz levels. With silver currently trading around US$36/oz, approx 8% down from yesterday's New York closing, Asian buying will be strong today.
For those students of history who would like to know more about the history of the "Silver Standard" and why Chinese and Indian buyers with a long term historical view are rediscovering silver, after generations of derision, read the first part of Charles Savoie's master work on "Britain Against Silver" here
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