China reduces 2012 silver exports by 5%, could boost prices - SILVER NEWS

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China reduces 2012 silver exports by 5%, could boost prices - SILVER NEWS
China has cut exports of silver by 283 tonnes from the 5,670 tonnes exported in 2011, traders suggest that less exports mean tighter markets that could eventually bolster prices.

Author: Shivom Seth
Posted:  Tuesday , 15 Nov 2011 MUMBAI -  - 

Silver exports from China, the world's largest, are expected to drop this year as domestic demand from investors is expected to surge. And, in a market that has seen significant price volatility, these reduced exports could bolster prices of the white metal, say analysts. On Monday, December silver lost 65.8 cents to close at $34.024 an ounce in New York. The metal has advanced 10% this year...

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