29 Apr '13, 6am

Silver Slump Lures Buyers as Waiting Time Rises in Singapore: The slump in silver this month has spurred deman...

The slump in silver this month has spurred demand for products from Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, depleting inventories and doubling delivery times. Holdings of bars fell to just 54 ounces from 60,000 ounces two and a half weeks ago, according to founder Gregor Gregersen. It now takes at least six weeks for new supplies to arrive in the country up from two to three weeks previously, he said. The company, set up in 2009, counts the Perth Mint in Australia and the Royal Canadian Mint among its suppliers. Gregersen’s comments add to signs ... (

Full article: http://www.forexfactory.com/news.php?do=news&id=424831

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Silver Slump Seen Luring Buyers as Wait Time Rises in Singapore - Bloomberg

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