UPDATE: Physical Silver Buying Dynamics

Posted by SRSrocco in Precious Metals, Silver Members on March 7, 2014 — 33 comments

It looks like the official sources grossly underestimated the amount of Indian silver buying in 2013.  When the Indian Government put restrictions on gold imports in 2013, their citizens switched to buying silver. Thomson Reuters GFMS estimated that total Indian silver imports would be 5,200-5,400 metric tons in 2013.  However, Koos Jansen at InGoldWeTrust, recently…

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