Silver Demand Projected To Break Records In 2023 As The World Begins To Wake Up To Silver Investment

Silver Demand Projected To Break Records In 2023 As The World Begins To Wake Up To Silver Investment

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BTC only at this address bc1qt33ace0jutzuxrzwaaafdsa20l57uhtq8t35ls contact us for more options here https://wa.me/message/3SULUOZNKNBZP1 Last year, silver imports into India hit a new record of 304 million ounces. That crushed the previous import high of 260 million ounces set in 2015.

More than half of the silver flowing into India is used in jewelry and silverware, and about one-third of India’s silver demand comes from investors in physical metal including silver bars and silver coins.

According to a report published by the Silver Institute, since 2010, Indian retail investors have bought around 730 million ounces of silver (22,700 tons). To put that into perspective, that represents about 90% of 2022’s total global silver mine production.

Over the last decade, the only years that silver investment demand fell in India were in 2016 and during the pandemic in 2020.

Silver investment in India was muted during the pandemic years but charted a healthy rebound in 2022. Investment in physical silver jumped to 79.4 million ounces last year, the highest level since 2015. ... https://www.youtube.com/watch?v=E9hGQo22bxA