Saturday 24 September 2011

Silver Prices

This is what King News has to say about silver in the context of the past day or so.

Falling paper prices causing stampede into physical

King World News via
23 September, 2011

“It’s been pretty wild, especially the last three or four days because of the price drop. People are trading in their paper money for gold and silver, but we are seeing more purchases of silver net. In fact the buying has been really skewed in favor of silver, there is tremendous demand.”

To clarify, we may have some client buying a single tube of silver maples, while at the same time, another client is buying $5 million of 100 ounce silver bars or gold maple leafs. The bottom line here is the drawdown in price is creating a tremendous amount of demand.”

For article GO HERE

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