Investor demand driving value

摘要

NEW YORK-BASED CPM Group reckons the silver price will again reach its short-lived peak of January 1980, when the precious metal was briefly worth 48 US dollars per ounce. And one of the key reasons for this is the fact that, in recent times, there has been a massive surge in silver investment demand. During the recent Prospectors and Developers Association of Canada convention in Toronto, CPM's Jeffrey Christian said investors had bought 134 million ounces of silver over the past two years and were now expected to increase their purchasing rate on a net basis into the future.