LONDON, 12 April 2011 - BullionVault, the world-leading gold and silver ownership service, is quoted today by CityAM, the free morning paper now boasting a circulation of 100,000 in the City of London financial district.
Noting this week's new 31-year highs against the Dollar, CityAM quotes brokers advising caution on the "bubble". But "Silver has around 60% annual demand from industry in comparison to gold's 11%," Adrian Ash, BullionVault's head of research, tells the paper, meaning it is more exposed to the economic cycle but also has a "broader base" of demand.
"Since the summer, we have seen inflation worries driving people into gold and silver," the paper quotes Adrian. "The silver price [is] driven by negative real returns from cash and this still holds."
You can read his full comments here at CityAM...
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