Silver steps out of gold’s shadow as Southeast Asian investors rush in

The 35-year-old relocation consultant has been quietly accumulating the metal since he was 21, betting that silver – long overshadowed by gold – would one day have its moment.

That moment appears to have arrived. On Monday, spot silver traded near record highs of about US$94 an ounce, more than tripling from around US$30 an ounce a year earlier.

Faris, who says he began buying silver in 2012, now holds more than 100 ounces worth over S$10,000 at Monday’s prices. He added to his holdings late last year as demand for precious metals surged.