India's Silver Imports Soar

August 26, 2022

As the US dollar continues to rally, while gold and silver prices remain under pressure, silver imports into India have soared through the first 7 months of the year.

At current levels the silver price on the low side while gold's price remains somewhat elevated, and as a result, many Indian customers have looked to silver as the better buy. And especially over the last 2 months, they've been importing a lot of silver.

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Arcadia Economics

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US silver mining began on a large scale with the discovery of the Comstock Lode in Nevada in 1858.

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