Will the price of silver double because of… Apple?

Apple iMac Delay Silver Price

We’ve already published our WTF of the week this week, but one report that ties Apple to the price of precious metals is definitely in the running for a close second. Money Morning’s Peter Krauth reports that “Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.” Of course, there are plenty of factors that contribute to the price of silver at any given time, but Krauth believes that one of the first signs that demand is being misrepresented by price was the delay of the 27-inch iMac in January. Apple never said what caused the delay, but one popular rumor was that there was a shortage of industrial silver in China.

Via:
ZDNet
Source:
Money Morning
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