Chinese Silver Demand Likely to Grow by 10 Percent Next Year

Bloomberg reported that Chinese silver demand is likely to grow by 10 percent next year.

As quoted in the market report:

Consumption may climb to 7,700 metric tons after gaining 6 percent to 8 percent in 2012, Shi Heqing, an analyst at Beijing Antaike, said in an interview on Oct. 22. About 33 percent of the country’s demand comes from jewelry and coins, with the rest from industrial use in photography, solar and electrical appliances, according to Antaike, which has studied metals for two decades.

To view the whole Bloomberg report, click here.