Largest Spot Market in China Sees 30 Percent Drop in Silver Trading

Bloomberg reported that silver trading on the largest spot market in China has fallen by 30 percent this year, dropping due to waning industrial demand.

As quoted in the market report:

Volume on the Shanghai White Platinum & Silver Exchange dropped about 30 percent from a year earlier to 1,000 metric tons, said Gao Huijie, chief executive officer. Industrial demand represents most transactions on the bourse, where about 20 percent of China’s annual demand is traded, he said.

To view the whole Bloomberg report, click here.