Tuesday, June 21, 2011

Silver sales hit a record in US, China and India .

Silver sales hit a record in US, China and India .

Silver coins sales by the U.S. Mint are reported to be at their highest ever from U.S. silver May sales were even 30% higher than April's 2.819 million ounces, which in itself was the best ever April on record.
This brings the total sale of American Eagle silver coins to 18.9 million ounces so far this year.
The unprecedented high demand for silver will continue .
China's net imports of silver hit a record high of 400% in 2010 to 3,500 tonnes . India consumed about 2,800 tonnes of silver in 2010


APMEX have a great supply of Silver coins and bullion!
1 oz Sunshine Minting Silver Round .999 Finehttp://www.ftjcfx.com/mm79jy1qwuFHOPJPHIFHGOGLKGN

Are We Running Out of Silver?

There are numerous factors that influence the direction of silver prices, but there are two key trends regarding supply and demand that are critical to understand.
The first is industrial use. Demand from a number of industries that use silver has been flat or falling. Household demand for silver like cutlery, flatware, and candlesticks hasn’t risen in ten years. Jewelry fabrication is up but a blip. With the shift to digital photography and image storing, use in photographic film processing continues to fall. And yet, total demand from industrial users keeps climbing.
Read more: Are We Running Out of Silver?
So what’s driving industrial demand?