In the past decade, silver has gone through a lot. While not quite at record levels at the moment, it is still hundreds of percentages higher in Singapore Dollars than at the beginning of the 21st century. I also think most of the correction in precious metals prices is over, and we can see a resumption of the price increases soon. The paper silver market has made silver oversold, and there is a great discrepancy between what price you can actually buy physical silver compared to what you see in spot prices.
Chart courtesy of BullionStar
