ETF Securities: Silver Surges 12% as US Stocks Stumble

Key points

• Positive precious metal sentiment shifts up a gear.
  
• Gold better priced than equities for Fed tapering?
  
• PM's rally despite India tightening restrictions.
  
• Gold futures in backwardation for longest period on record - highlighting strength of physical demand.
  
• PGM outlook improves, with platinum holding above US$1,500/oz.  

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