Silver leads the Precious metals advance as Middle Eastern trouble supports market
Silver lead the charge higher in precious metals in trading today as Silver was up over a dollar during the day hitting a 30 year high. Gold, platinum and palladium all made gains on the day, with Gold bullion reaching a 5 week high.
A Chinese decision to raise lenders reserve requirements by 0.5% did little to curb the upward price pressures generated by Middle East unrest .
Premiums on fixed price physical gold bars cooled further with 1 oz Gold bars in the US asking a 14% premium over the Gold price.
However, the unprecedented demand for physical silver boosted Premiums on fixed price physical silver bars with <