29 Jul '13, 8pm
Precious Metals Edge Higher, Singapore Gets Keen on Silver: Your daily recap on precious metals.
While gold is on pace for its best monthly gain in over a year, silver is attracting more attention overseas. Reuters reports that Singapore is set to open a 200-ton silver vault this week, in order to meet growing demand for physical precious metals. The vault is being opened by Malca-Amit, a firm that provides secure logistical solutions and full operational services for companies with precious commodities. The vault is already 30 percent booked.