GFMS Says Silver Stocks to Increase Quite Substantially

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FMS Chairman Philip Klapwijk said that investment demand for silver "has rebounded very strongly" in the fourth quarter and forecasted that overall, investors' silver stocks will increase "quite substantially" in 2007.

n a speech to the Silver Institute Wednesday in New York City, GFMS Chairman Philip Klapwijk said that investment demand for silver "has rebounded very strongly" in the fourth quarter.

He forecast that overall, investors' silver stocks will increase "quite substantially" in 2007.

Nevertheless, Klapwijk said silver investment demand is more speculative, and viewed more as a commodity and less of an investment than gold, which enjoys more of a monetary status. However, he added the silver ETF "has been a pretty good investment for private investors; so good that the ETF may have taken investment dollars from silver bullion and coins.

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