– India imports more silver in 4 months of 2024 than in all of 2023:
Synopsis
India’s silver imports in the first four months of 2024 have surpassed the total for all of 2023, driven by rising solar panel demand and investor interest. The country imported a record 4,172 metric tons, up from 455 tons a year ago. This surge supports global prices and outperforms gold.
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– India imports more silver in the first four months of 2024 than in all of 2023:
India’s silver imports in the first four months of this year have already exceeded the total for all of 2023, fueled by increasing demand from the solar panel industry and investors banking on silver outperforming gold, according to government and industry officials.
This significant rise in imports by the world’s largest silver consumer could support global prices, which are currently trading at their highest levels in over a decade.
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