Silver Demand in China and India is Set To Rise 30 Percent in 2011 ..

Silver prices for July delivery surged $1.058, or 2.2 percent, to $48.599 an ounce.  
Silver prices have risen 5.5 percent this week and 57.1 percent in 2011.

China said its net imports of silver nearly quadrupled to more than 3,500 metric tons in 2010, boosted by sharp increases in demand by the industrial sector and the jewelry industry.
 Silver demand in China and India has increased sharply in recent months as more investors use silver as a store of value.
About 70% of China's silver demand comes from the industrial sectors.

Silver is widely used in the production of electronic products, jewelry, industrial production, such as medical, solar power and water purification industries.
China is the world's largest producer  of solar power and electronics.  
Silver price increased  more than 80% in 2010.

Demand for silver in China and India is up 30 per cent in 2011.
In 2010 India consumed about 2,800 tonnes of silver, this year’s consumption is expected to rise to 5,000 tonnes, according to Albanian Minerals trading experts

Silver investments in India is mostly from rural areas, which account for 70 percent of the country’s 1.2 billion population.
The world's silver output was 21,500 tons in 2009.  In 2009, global supply of physical silver was 27,000 tons, rising by 0.20% in 2008.
The total  global production of silver was 29,000 tons in 2010.

Indian and Chinese investors are buying more silver to hedge market losses.
While markets have been uncertain this, year silver has been an ideal investment and has provided huge returns to investors.
Silver buying in China and India is set to rise 30 percent in 2011 .  

The industrial demand is one of the factors affecting the prices of and silver in China and India.   

Source : prlog.org