Silver Exports From China May Slump by 40% This Year

China, the third largest producer of silver, has been withholding more of their silver as domestic demand skyrockets. This is certain to cut worldwide supply as growing global industrial and investment demand soars. The is a recipe for higher prices.

Silver exports from China, the world’s largest, may drop about 40 percent this year as domestic demand from industry and investors climbs, according to Beijing Antaike Information Development Co.

Source: businessweek.com