The white metal Silver shines even when the world economy is slowing down. Due to various applications in Jewelry and Solar Industries, the demand for Silver is showing a rapid growth. China has become the second largest consumer of Silver.
This growth comes from jewelry and coin manufactures Photography industry and Solar and Electrical appliance manufacturing industries.
Investors are also bullish on Silver because it’s cheaper than Gold and requires small investments. Now at MCX Silver December delivery is trading at Rs.60,950 per Kilogram.