Silver prices increased sharply today

June 29, 2011 - PRLog -- Silver prices increased sharply today
Silver prices surged to 3.4 percent, to $34.865 an ounce.  

China's 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 2010 and 2011 as more investors use silver as a store of value.
China's net imports of silver was up 400 percent to 3,500 metric tons in 2010.
Silver price has  increased  more than 80% in 2010.

About 70% of China's silver demand comes from the industrial sectors.
Silver is widely used in  the production of solar panels, electronic products, jewelry, industrial production,  medical equipments, and water purification industries.
China is the world's largest producer  of solar power and electronics.  

In 2010 India consumed about 2,800 tonnes of silver.
In 2011 silver consumption in India is expected to rise to 5,000 tonnes, according to Albanian Minerals President and CEO Sahit Muja.

  Albanian Minerals President and CEO  Sahit Muja said "The industrial demand is one of the other factors affecting silver prices in global markets today also  devaluation of the dollar,  inflation, and exchange rates are other factors that have also contributed on rising silver prices".
Albanian Minerals

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe