Silver climbs along with gold to hit fresh 27-year highs

London, 25 January 2008 - Silver sped higher along with the rest of the metals complex to hit a fresh 27-year peak above $16.60 an ounce, buoyed by a fresh wave of investment demand, as the metal is favoured as a cheaper alternative to other and more expensive precious metals.

Spot silver rose 20 cents, or 1.2 percent, to $16.61 an ounce, its best since November 28, 1980.

"Chart momentum indicators turn higher, while investors look to factor more safe-haven type assets into their portfolios," James Moore at said.

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