Silver rose 7.5% last week to close at its highest level since November as physical demand picked up. Silver continues to perform against a backdrop of poor U.S. economic data and turmoil in the emerging markets.

Over the last thirty years the world has consumed more silver than has been mined and the long term outlook for silver remains bullish as no other metal has the combined strength, ductility and malleability that silver does.

Demand for U.S. Silver coins almost quadrupled in January.