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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver is the new gold: Prices double in a year

Posted on 28 February 2011

From Emirates247.com: An international buying spree, or flight to safety by global investors, saw silver prices breach 30-year highs on Sunday at $33.30 an ounce. Emerging economies of China and India are both heavy consumers of the metal, which is used in jewellery but also has its use as a raw material for industrial use.
Silver is now up 22.28 per cent in the past 30 days and according to traders, has more than doubled in the last one year, trading as it was at $16.24/oz on February 27, 2010……………………………………….Full Article: Source


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