Silver Institute's New Study Will Track Silver Market In China
Washington, D.C, July 24, 2012 AEST (ABN Newswire) - The Silver Institute has commissioned a study on the silver market in China. The study will focus on China's importance in the global silver market and will seek to identify emerging trends that could affect the silver price in the next few years.
Twenty years ago China accounted for some 3 percent and 5 percent of global silver demand and supply, respectively. In 2011, according to World Silver Survey 2012, those figures climbed to 16 percent and 14 percent, making China the world's second largest consumer and third largest producer of the white metal.
Many knowledgeable observers of the Chinese market believe that silver demand will continue to grow significantly over the rest of this decade, further increasing China's importance to the global market.
"This report will describe the dramatic rise of China as a source of both supply and demand, and analyze what the trend in these variables is likely to be over the next few years," stated Michael DiRienzo, Executive Director of the Silver Institute. The report is expected to be released in October.
About the Silver Institute
Established in 1971, the Silver Institute serves as the industry's voice in increasing public understanding of the many uses and values of silver. For more information on the Silver Institute, or silver in general, please visit:
http://www.silverinstitute.org
Contact
Michael DiRienzo
The Silver Institute
T: (202) 495-4030
e-mail: mdirienzo@silverinstitute.org
Media:
Victor Webb
Marston Webb International
T: (212) 684-6601
e-mail: marwebint@cs.com
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