From China Business News:
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....read on
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