To measure the conditions of the second-largest economy of the world, investors have closely watched the flash China HSBC manufacturing survey on 0230 GMT. In a bid to protect the worldwide economy from the euro zone debt crisis,

Chifeng City, Inner Mongolia -- (SBWIRE) -- 05/21/2012 -- 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.

To measure the conditions of the second-largest economy of the world, investors have closely watched the flash China HSBC manufacturing survey on 0230 GMT. In a bid to protect the worldwide economy from the euro zone debt crisis, the leading world economies have agreed to more than double the lending power of the International Monetary Fund.

During last week ended April 17, money managers raised their net long positions in U.S. gold futures and options but they have cut their net long bets in silver according from OTO's source, U.S. Commodity Futures Trading Commission.

Meanwhile, to finally solve the Europe's debt crisis, the global finance chiefs pressed Europe in weekend discussions to quickly put in place the needed economic reforms, now that there some precious time available in the newly increased financial buffer.

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This is good news for OTO Mining, Ltd, as silver will continue to boom, showing once again that silver investment is a safe haven

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.

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Chifeng City, Inner Mongolia -- (SBWIRE) -- 05/01/2012 -- For OTO Mining, Ltd., factors behind silver are robust and the rare earth white metal has become a strategic metal in today's market. It is essential and required in almost modern devices, like in the electronics, solar panels, and even in all the new medical uses, such as biocides.

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. New uses are coming about almost everyday and many essential applications are very useful and needed in our modern world.

With these emerging developments, if we are going to view silver in a long term cycle, it brings silver prices higher and higher. Despite of silver hitting such high prices last April which is up to nearly $50 an ounce, demand for industrial uses still surged up to 17 percent.

Aside from the boost in industrial demand, with people buying silver bars and coins in record numbers, the investment side of silver has also grown exponentially. Because of these aspects, OTO Mining, Ltd. continues to have a strong positive outlook for silver in the near future.

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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

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.

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