The total number of articles hallmarked by the four UK Assay Offices was 12.6% down in the first quarter of 2011
All metals showed a reduction in volumes hallmarked, including silver which was 11.2% down, but still representing 58% of the total units hallmarked in the UK.
The decline is undoubtedly a result of the on-going rise in precious metal prices and consumer and retailer confidence being eroded by economic uncertainty and rising fuel and food prices.
(Courtesy ‘The Anchor’)
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