Silver price increased 300 percent in 5 years

 Sahit Muja: Silver, China

Sahit Muja: Silver price increased 300 percent in 5 years
Silver prices increased today  to 32.40 an oz today.

China and India's net imports of silver hit a record high in 2011 .
China used to be a silver exporter now China has become the importer of silver
About 70% of China’s silver demand comes from the industrial sectors.

China is the third largest producer of mined silver in the world.
China also is a major consumer of silver, absorbing large and rapidly growing volumes of silver in its manufacturing sector.

Chinese silver mining witnesses significant growth and development in recent years, fueled by technological strides in exploration and an increase in production in response to steady growth in domestic and 

China has the world’s largest manufacturing facilities for home electronics and electrical appliances, which utilize various type of silver-based solder.

Silver demand in  China  is soaring thanks to increasing use for industrial and jewelery purposes.
About 70% of China’s silver demand comes from the industrial sectors.

Silver is used industrially - in solar batteries, water purification systems, cellphones, circuit boards, plasma TVs and radio frequency identification devices

Silver is widely used in the China is the third largest producer of mined silver in the world.
China is the third largest producer of mined silver in the world.
China is  top  consumer of silver in the world.
Silver demand  has witness a significant growth  in 5 years, fueled by  steady growth  of silver use .

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.

Sahit Muja
President and CEO
Albanian Minerals
New York