Large scale speculators in gold futures pushed long positions to 800 tonnes last week, surpassing the previous record of August 2011 when gold hit $1,900.
Rumours follow Rio's decision to group its least loved units — coal, uranium salt, borates and its Iron Ore Co. of Canada — under a new umbrella branded as the “energy and minerals” business.
Silver is generally known for its use in coins, silverware and of course jewellery. However, today these account for less than 50% of all silver consumption.