Investing in Silver

[Anchor Lead] The price of gold soared after the Brexit vote as people rushed to secure safer assets. But the price of silver has grown by a much greater degree, making it an attractive option as well. Here's why. [Pkg] Jewelry stores have many customers coming to buy pure silver these days. [Soundbite] Kang Chang-oh(Incheon Resident) : "I want to buy silver today because its price keeps going up and it can be a good investment." Per-kilogram, the price of silver bars surged from around 500 dollars early this year to more than 800 dollars this month. Banks are also receiving many inquiries about silver bars. [Soundbite] Lee Jung-yeon(Bank Staff) : "(Do you have silver bars?) We sell many silver bars because they are the most profitable investment among all raw materials." As more and more people are trying to secure safe assets following the Brexit vote, international prices of gold rose by about 8 percent, whereas prices of silver have surged nearly 20 percent. The value of silver has soared because ordinary investors rushed to buy it. It's cheaper than gold and the demand for silver is high from various industries such as China's solar power industry. [Soundbite] Sohn Jae-hyun(Researcher, Mirae Asset Daewoo) : "Silver prices have a higher growth rate than gold prices because silver is thought to be seriously undervalued." However, caution is needed when investing in silver because its prices are more sensitive to market conditions than gold.

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