Silver prices to increase $100 ounce in 2012.

Aug. 19, 2011 - PRLog -- Silver prices  to increase  $100 ounce in  2012.

Silver prices increased sharply today
China's net imports of silver nearly quadrupled in 2011 boosted by sharp increases in demand by the industrial sector and the jewelry industry.

Silver demand in China and India has increased sharply in 2010 and 2011 as more investors use silver as a store of value.
China's net imports of silver was up 400 percent to 3,500 metric tons in 2010.

About 70% of China's silver demand comes from the industrial sectors. Silver is widely used in  the production of solar panels, electronic products, jewelry, industrial production,  medical equipments, and water purification industries.
China is the world's largest producer  of solar power and electronics.  

In 2012 silver consumption in India is expected to rise to 5,000 tonnes, according to Albanian Minerals President and CEO Sahit Muja.

Albanian Minerals President and CEO Sahit Muja  said "The industrial demand is one of the other factors affecting silver prices in global markets today also  devaluation of the dollar,  inflation, and exchange rates are other factors that have also contributed on rising silver prices".

The 40% of silver is used industrially - in solar batteries, water purification systems, cellphones, circuit boards, plasma TVs and radio frequency identification devices  

By 2012 it's estimated that global industrial demand for silver largely driven by India and China will increase 30%, from 487 million ounces in 2010, to 624 million ounces.
Albanian Minerals

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe