OTO's Positive News on Gold - Steady Above $1,640
Last week, OTO have seen that the precious yellow metal floater over near $1,640 an ounce after dropping 1 percent in the last couple of weeks. And by 0023 GMT, there was a bit change in the spot gold which is $1,641.40 an ounce and U.S. gold traded nearly flat at $1,642.50.
OTO Mining, Ltd. Believes Silver Will Continue to Boom
From an OTO Mining, Ltd. survey source, it’s shown that an estimated 93 percent of United States retailers strongly believe that current silver boom will continue, and so does OTO Mining, Ltd. If this is the case an increase in price will follow the increase in demand. Performance of silver jewelry sales have been good in 2011, focusing particularly during the Holiday Season.
OTO Mining, Ltd. Silver Mining Developments
Reports have shown OTO Mining, Ltd. that silver is now beginning to be used in hospitals for no known bacteria can live in a silver environment.
OTO Mining, Ltd. Silver Forecast
OTO Mining, Ltd. is excited to report that the company foresees that silver prices may bounce back to $40-50 levels supported by a robust development in worldwide solar photovoltaic market and demand for the white metal is set to grow while silver prices remain volatile. With the data that has been accumulated by professional analysts, silver consumption in the photovoltaic sector has increased from just below 50 tons in 2001 to an estimate of 1820 tons last year or 7 percent of total demand.