Mineweb reported that next month, China Silver Group Ltd. (HKEX:0815) plans to launch an e-commerce platform in China in order to promote silver jewelry and a number of retail brands. The company's aim is to "leverage its sales off of its existing silver production business."
Articles Tagged "china"
India imported 3,015 metric tons of silver in the first half of 2013, meaning that it is on track to bring in 25 percent of the world's mined silver this year.
Continuing on from last week, Silver Investing News takes a closer look at whether the white metal is set to continue rising in the long term.
Silver prices increased today, with futures for December delivery rising $0.92, to $24.40 an ounce on the COMEX in New York.
Global silver production increased to 787 million ounces in 2012, according to the Silver Institute. Here's a look at the 10 countries with the greatest production that year.
China and Japan's plans to increase their solar generation capacity in the near future could give silver prices a significant price boost.
Silver futures for September delivery on the COMEX in New York received a bump of $0.217 today, hitting $19.73 an ounce.
Today, silver prices rose about $0.26, to $21.91 an ounce.
Lower silver imports driven by a lack of industrial demand, particularly in China, are lowering the outlook for the white metal.
Market participants are increasingly looking for growth in the silver jewelry market.