Silver steps out of gold’s shadow as Southeast Asian investors chase record prices

As silver prices surged past S$100 (US$78) an ounce in recent weeks, Singaporean Faris Ghani saw a long-running bet finally begin to pay off. 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. The surge...