Gold News

Leading Analysts: Silver Bullion Demand "Strong"

DEMAND FOR Silver Bullion is "strong" from the industrial sector, and "benefiting from a surge" in investment buying, according to a leading authority on the precious metal.

In its latest Metals Monthly for ABN Amro bank, London's VM Group consultancy notes that 15% growth in China's electronics sector so far in 2010 has resulted in a 41% rise in Silver Bullion imports to the fast-growing Asian economy.

"A further surge in physical demand may occur," VM goes on, "and in the longer term, demand will surge on the back of silver's use as a superior conductor and biocide."

Silver Bullion investment demand is also "surging", the consultancy says, creating a 12% rise in holdings amongst silver-backed exchange-traded trust funds since the start of June.

Bullion holdings amongst palladium-backed funds have rise less than 5%, while ETF demand for platinum and gold has risen less than 2%.

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