Investing
Singapore Dealer Prepares Vault for 15,000 Tons of Silver
- Warehouses from U.S. to Asia are being set up to meet demand
- Analysts see silver outperforming gold on retail, solar buying
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Inside a six-story high warehouse near Singapore’s Changi airport, a vast hangar-like space is waiting to be filled with a precious metal that usually plays second fiddle to its more lustrous sibling.
The vault that’s being built by Silver Bullion Pte Ltd. will -- when completed in the first half of next year --- be able to store 15,000 tons of silver. It’s only holding around 400 tons of the metal at the moment, but the vacant space is an indication that silver appears to be on the cusp of a promising few years.