silver starting another try?
What about these?
Export plan for silver surplus Move to aid producers, priceprotection
Source: South China Morning Post
&&The People's Bank of China has a surplus of almost 3,000 tonnes of silver and to protect domestic producers and prices, it will only be sold abroad from next month, according to a report.
On November 25, the bank said it would end a 50-year state monopoly on silver, because of over-supply and falling prices.
The China Business Times yesterday said that, since the early 1990s, there had been an annual surplus of 580 tonnes of silver, with production of about 1,300 tonnes and demand of about 800 tonnes.
The past five years' stockpile stands at 2,900 tonnes.(cont)
kitco.com
After three years of growth, world silver fabrication fell by 2.2 percent in 1998 to 841 million ounces (26,140 t). The decline in the world total was primarily the result of the sharp drop in Indian and East Asian fabrication demand, which fell by 16 percent and 13 percent respectively, a combined amount of 46 million ounces (1,430 t).(cont)
silverinstitute.org |
