Silver Rises to Best Month Since 1987; Gold at Three-Month High
May, 29, 2009 | Bloomberg.com
Silver “is very correlated to gold, but silver does have industrial application that gold doesn’t,” Mark O’Byrne, managing director of brokerage Gold and Silver Investments Ltd. in Dublin, said today by phone. “The ‘green shoots’ story is more positive for silver. It’s a very small market compared to gold. Even small amounts of money coming in can move up the price a lot.”
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