``China has just raised their target for solar power.  This is an incredibly important event for the silver market.  That means more silver demand.  They have just raised their target to more than 35 gigawatts by 2015, up from the current level of 7 gigawatts.  China's previous target was 21 gigawatts by 2015, so that's a stunning increase of 67% above their previous target. All of this is going to require more physical silver.  Photovoltaics already consumes 10% of the entire silver market, and we will see an enormous surge in that number over the next five years.  So there is going to be tremendous upward pressure on silver prices going forward because of China's need to buildout solar capacity.''

Comments: Be the first to add a comment

add a comment | go to forum thread