Silver demand in China and India is set to rise 30 percent in 2011. Silver prices for July delivery surged $1.058, or 2.2 percent, to $48.599 an ounce. Silver prices have risen 5.5 percent this week and 57.1 percent in 2011.
one hour payday loansChina said its net imports of silver nearly quadrupled to more than 3,500 metric tons in 2010, boosted by sharp increases in demand by the industrial sector and the jewelry industry. Silver demand in China and India has increased sharply in recent months as more investors use silver as a store of value. About 70% of China’s silver demand comes from the industrial sectors.
via India silver consumption will rise to 5000 tons in 2011 | 02 May 2011 | www.commodityonline.com | 3