Chifeng City, Inner Mongolia -- (SBWIRE) -- 05/14/2012 -- 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.
Most of the participants who joined the 3rd Annual Silver Jewelry Sales Survey are jewelry retailers from the U.S. where the survey was conducted online by “Nielsen/National Jeweler”. The results show that 77 percent of the jewelry retailers said that their silver jewelry sales in 2011 surged with 27 percent having an increase of more than 25 percent. And 55 percent of the retailers evaluated that during the Holiday Season of 2011, silver jewelry have provided the best maintained margin jewelry. On average, silver jewelry represented 37 percent of retailer unit volume and 27 percent of dollar volume.
This is good news for OTO Mining, Ltd, as silver will continue to boom, showing once again that silver investment is a safe haven, and as demand increases, production of silver will also follow.