Chifeng City, Inner Mongolia -- (SBWIRE) -- 03/29/2012 -- 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.

Results shows that silver usage in photovoltaic cells is set to surge by four percent year after year in 2012 from 1.8kt in 2011 which then climbed 22 percent from 2010 which is 1.5kt assuming 0.105 gram of silver is engaged to generate each watt of electricity by photovoltaic cells, in the base case scenario.

There is a base-case estimate handed to OTO Mining, Ltd. which indicates that silver usage in photovoltaic cells should increase by 83 percent from 2011 levels to 3.3kt in 2015 as further mining and exploration is underway in China and across the globe.