Home News Commodities

Singapore's Silver Bullion prepares vault for 15,000 tons of silver amid boom

Bloomberg
Bloomberg4/12/2021 05:01 PM GMT+08  • 5 min read
Singapore's Silver Bullion prepares vault for 15,000 tons of silver amid boom
Demand for silver has surged amidst the coronavirus pandemic.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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 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.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.