Red-hot demand fires up silver production in China
China News
June 19, 2024
Despite the recent increase in silver prices, which peaked around 32 US dollars per ounce in late May, demand for the metal continues to rise sharply in China. Silver, known for its safe-haven appeal, remains popular among investors despite the slight cooling from its recent highs. In central China's Jiyuan city, shoppers at a local jewelry store are undeterred by the higher prices, reflecting ongoing strong consumer interest in silver products.