http://noir.bloomberg.com/apps/news?pid=20601010&sid=a3iMAEjUMBZc
Investment demand for silver climbed 40 percent to a record high in 2010 and fabrication use jumped to a 10-year high, GFMS said in an April report published by the Washington-based Silver Institute.
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SS says the speculative frenzy is driving up prices not real demand.
Silver was at $22 last year in summer and now it is at $49.
I just don't understand how can real demand go up by more than 50% where nothing in the world has really changed.
This reminds me of oil going from $80 to $147 in a very short span of time in 2008.
We all know how it ended - oil fell to $33.
Expect the same from Silver this year.
Investment demand for silver climbed 40 percent to a record high in 2010 and fabrication use jumped to a 10-year high, GFMS said in an April report published by the Washington-based Silver Institute.
-------
SS says the speculative frenzy is driving up prices not real demand.
Silver was at $22 last year in summer and now it is at $49.
I just don't understand how can real demand go up by more than 50% where nothing in the world has really changed.
This reminds me of oil going from $80 to $147 in a very short span of time in 2008.
We all know how it ended - oil fell to $33.
Expect the same from Silver this year.
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