Investment demand for precious metals is pushing up the price of silver.
Like gold, silver is considered a protection against inflation.
Silver is an important raw material for industry.
When the economy is on the upswing, the price of silver also rises.
Silver is consumed, not hoarded. In good economic times, this is a plus.
According to experts, the next big rise in the silver price will begin when the central banks flood the markets with even more money than they have already done in order to avert a global recession.
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2013 - New highs for gold and silver (6:41 min.)
Reading aid: The statistics show the shares of global silver demand by use in 2011. Investors demanded 26 per cent of silver that year.