Despite the recent drop in gold and silver prices in the international markets, prices for precious metals in India still remain at a premium and buyers are holding out for cheaper prices, stunting demand.
MarketWatch reported that China announced lower silver exports for 2012.
While focusing on what may happen in Europe, investors appear to be overlooking what is happening in China and what it could mean for silver.
Silvercorp Metals Inc. (TSX:SVM,NYSE:SVM) announced updates to activities at its Canadian and Chinese projects.
Silver suffered a sharp setback in early trading Monday as the market reacted to the Bank of Japan’s move to devalue the yen. Investors and traders will be monitoring the actions of other central banks, such as China which many anticipate will loosen its monetary policy by the end of the year.
Bloomberg reported that China will export less silver, tin and minor metals in 2012.
The tumultuous global economic climates have been weighing down on the price of silver.
The rise in precious metals investing by our readers and the fact that silver’s investment popularity is now on par with that of gold are both very much in line with the developing trends we are seeing in worldwide gold and silver investing.
Asia Now Resources Corp. (CVE:NOW) announced assay results from drilling at the Beiya Project in China.
The markets were hit hard today as the Federal Reserve announcement of ‘Operation Twist’ rattled investors. The main fear is that the global economy may be moving towards another recession. Silver Investing News spoke with Jamie Greenough, Investment Advisor for Global Securities Corp. about the silver market in the wake of the recent Fed actions.
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