Market Review – Silver

Like Gold, Silver has made a strong recovery since having fallen to a 35-month low in June. Silver has now gained nearly 30 per cent over the last three months, outperforming Gold, which recorded an 18 per cent rise over the same period, and the price for an ounce is now at around 24.50 USD.  Fears of an inflation as well as the booming Chinese economy proved beneficial to the Silver market. ETF’s and coins are growing in popularity amongst investors. According to Bloomberg News, holdings in silver by investment funds climbed 6 per cent to a new record of around 644 billion ounces.