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Silver Institute predicts strengthening silver investment demand this year

March 9, 2012 - 6:40am

The Silver Institute says,

Sturdy investment demand has pushed the silver price up 20% in the first ten weeks of 2012, outperforming platinum, palladium and gold during the period.

In a news release issued Thursday, the institute said silver-based ETFs now account for 586 million ounces of silver, up from 576 million ounces at the end of 2011.

Demand for physical silver bars is also strong. According to several precious metals dealers, silver bar sales continue to be brisk,

said the institute.