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

Bloomberg
Bloomberg • 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.
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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 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.

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