Precious Metal Silver Prices Over the Next Few Years: The Silver Institute Announces the Release of a Report on China's Silver Market

Precious Metal Silver Prices Over the Next Few Years: The Silver Institute Announces the Release of a Report on China's Silver Market


www.TheSilverPrice.info

Data on China's future outlook and demand, becoming the second largest consumer of precious metal silver, should indicate their impact on the global silver market in the next few years. Smith McKenna, LLC responds to the Silver Institute's announcement for those looking to invest in silver.

(PRWEB) June 11, 2012

Focusing on global demand, China has become the second largest consumer of silver worldwide. The silver institute has a report in the pipeline which will detail China's impact on the silver price in the next few years. The report is scheduled for release later this year in October. Just twenty years ago, China's silver demand represented only three percent. Today it is more than five times that, seeing 16% - with forecasts of it going much higher. Those looking to invest in silver could benefit significantly from this emerging data.

"Many knowledgeable observers of the Chinese market believe that silver demand will continue to grow significantly over the rest of this decade, therefore increasing China's Importance to the global market," said a rep at the Silver Institute.

Stephen M Smith, who is the managing member at Smith McKenna, LLC believes that silver could potentially double in value over the next few years, citing the Silver Institute's upcoming report as something to keep a close eye on. Silver has nearly doubled in the last two years, something that we could see a repeat of again. Smith has been accurately predicting macroeconomic trends for over 20 years. He's currently offering a free investing book to a limited number of people in order to educate the public on how to invest in silver, and increase their chances of success from the start.

Silver responds similarly to gold; however its influential ties to industrial growth and manufacturing separate it, making it a wise investment choice with stimulus efforts, worldwide economic rebounding and the demand from China all expected to increase, noted Smith.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/06/11/prweb9585928.DTL#ixzz1xUzsY433