Silver hits 30-year high

ETFS head of research and investment strategy Nicholas Brooks says this price surge would have marked an all-time high for silver, had it not been for the anomalous price spike in early 1980, following the Hunt brothers' failure to corner the market. Silver has very much been moving in lockstep with gold as the US dollar in particular has been falling recently. ETFS senior analyst Daniel Wills says silver has historically been something of a geared play on gold prices, although it also tends to be more volatile than gold. He says: "What we tend to see in terms of the activity is th...