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Bloomberg reported that tomorrow, Singaporean coin and bar supplier Silver Bullion Pte Ltd. will open a 600-metric-ton vault. The move comes on the back of increased demand for silver.
Bloomberg reported that tomorrow, Singaporean coin and bar supplier Silver Bullion Pte Ltd. will open a 600-metric-ton vault. The move comes on the back of increased demand for silver.
As quoted in the market news:
The storage could hold silver worth $390 million at prices on March 21. The company doubled sales to 1.04 million ounces in 2013 from 517,000 ounces a year earlier, said Gregor Gregersen, who founded the company in 2009. Almost all the sales were silver, he said in an interview in Singapore on March 18.
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