China Likely to Remain Major Silver Importer

Source: Kitco, Allen Sykora (5/13/11)

"Private investors and industrial uses are both driving the metal's demand."

Kitco, Allen Sykora

China is likely to remain a major importer of silver, says Commerzbank.

The bank cites a report from the Antaike state research institute saying demand for silver is likely to increase further in China.

"In addition to industrial use, mainly in the electronics and solar energy industries, demand is being driven by private investors, who regard silver as a safe-haven investment," Commerzbank says.

"China is therefore likely to remain a major importer of silver in future, also exerting influence on prices."

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