Silver rides on the heel of gold prices.

With gold making a very strong comeback in 2009, its close sibling silver is also biting at its heels. Amidst equity marketing declines, buying activity for silver picked up as weakening stock markets throughout the world shifted investors towards bullion (either silver or gold) as a safer option.

The precious metals advanced signaling increased investor demand for the metals as a haven. While stock markets throughout the world are under strong selling pressure on rising concerns on an ever deepening global recession, it became apparent that precious metals is the place to be.

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