India’s silver imports in the first four months of 2024 have already exceeded the total for all of 2023, driven by rising demand from the solar panel industry and increasing investor interest, according to government and industry officials. This significant uptick in imports by the world’s largest silver consumer is poised to support global silver prices, which are hovering near their highest levels in over a decade.
https://thedeepdive.ca/indias-silver-imports-in-first-four-months-of-2024-already-exceed-2023-figures/A government official, who requested anonymity due to a lack of authorization to speak to the media, revealed that India imported a record 4,172 metric tons of silver from January to April this year. This marks a staggering increase from the 455 tons imported during the same period in the previous year. For comparison, India’s total silver imports for 2023 amounted to 3,625 tons.
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