Silver demand in China is set to jump as much as 10% next year to a record as investors look to preserve wealth, according to a Beijing-based metals information provider.
Antaike analyst Shi Heqing said consumption may climb to 7,700 metric tons after gaining 6-8% in 2012.
“Chinese investors want hard assets such as silver, especially when it’s cheaper than gold and requires less funding,” Bloomberg quoted.
Is Silver the New Gold?
There's similarly bullish outlook in this infographic looking at supply and demand for silver.
Our favourite ‘fact’: There’s only enough silver on Earth for every person to have one third of an ounce!
