Indian Silver Imports Jumped 52% in 2017

Indian silver imports were 5,398 tons (173,549,732 ounces) in 2017 up from 3,546 tons in 2016.

Indian silver imports were 379.656 tons (12,203,298 ounces) in December.

Value of Indian Silver imports in 2017 was approximately $2.88b (173.5 moz @$16.60 an ounce) vs $36.9 billion in Indian gold imports (28,976,823 ounces of gold at $1275 an ounce).

The U.S. Mint sold 18,065,500 one ounce American Silver Eagle coins in 2017.

New! 1oz Silver Bullion Cryptocurrency Rounds .999 Fine!

Litecoin silver coin frontBitcoin silver coin frontEthereum silver coin front
Litecoin Silver Rounds
Bitcoin Silver Rounds
Ethereum Rounds
Monero Silver Rounds
ZCash Silver Rounds
Ripple Silver Rounds
NEO Silver Rounds



Watch the video companion to “Indian Silver Imports Jumped 52% in 2017 ”

Also watch the video notes to this report on Bitchute

Buy Silver Bullion Rounds

Indian Silver Imports in May 2017 Were Highest Since 2015

Indian silver demand has increased exponentially over the past ten years. India, however, has historically been known as a nation with a penchant for gold. Indeed, India has gold giving holidays as the yellow metal is revered for its beauty and as a store of generational wealth. Yet, the Indian government has placed import duties on gold, added a sales tax and initiated a gold monetization scheme designed to get Indians to turn in their gold to in exchange for interest bearing bonds.

While the Indian government’s anti-gold initiatives have dented official gold demand in India, black market sales and imports continue. Silver has been a direct beneficiary of the campaign against gold. Indians prize silver for its beauty and also give it as gifts. It’s not substitute for gold, but it is viewed favorably.

Adding to overall Indian silver and gold demand in the increasing Indian population and increasing wealth of its citizens. India recently regained its status as the fastest growing major economy.

Monthly Indian Silver Imports by Month in 2017

2017 Indian Silver imports by month

Buy Silver Bullion Rounds

Monthly Indian Silver Imports August 2014 – December 2017

Indian Monthly silver imports 2014 - 2017 through December

You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 free Bitcoin!*

Please consider making a small donation to Smaulgld.com. Thanks!





Compare American Silver Eagles for sale at:

SD Bullion
BGASC.com
Golden Eagle Coins
Money Metals Exchange

Buy American Silver Eagle Coins

Annual Indian Silver Imports 1999 – 2017

Annual indian silver imports 1999-2017 through december

India imported 5398 tons of silver in 2017 or approximately 173,549,732 ounces.

China imported 1,984 tons of silver (63,787,082 ounces) in the first half of the year +37% more than the first half of last year and the highest silver imports in seven years.

India and China imported about 150 million ounces of silver in the first half of 2017. At the current pace, they will import over 300 of the approximately 850 million ounces of silver mined annually.

China itself mines about 100-110 million ounces of silver a year.

China also recently announced a discovery of about 3.2 billion ounces in Mongolia.

Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange

Please consider making a small (or large!) donation to Smaulgld.com. Thanks!





See 2016 Indian Gold Imports

Indian Silver Imports vs. American Silver Eagle Coin Sales

indian-silver-imports-v-american-silver-eagle-sales-and-annual-global-silver-mining-production

India’s silver demand requirements in 2015 strained global silver supply.

top ten silver mining countries 2015-16

Indian silver demand exceeded the annual mining production of Mexico in 2015.

*According to the Silver Institute, global silver mining production increased 2.1% in 2015. Their findings mirror the reports of Societe Generale, the CPM Group, Statistica , the Peruvian and the Mexican governments that indicated that silver mining production increased in 2015. According to the Silver Institute global silver mining production declined 0.6% in 2016. According to the USGS golbal silver mining production grew approximately 1% in 2016.

The Indian silver charts are derived from data pulled from the Indian Ministry of Commerce and Industry, Govt. of India by Nick Laird of GoldChartsrus and are updated monthly and archived on Smaulgld.com.

Check out all the Smaulgld podcasts here.

Please consider making a small donation to Smaulgld.com. Thanks!





The Lowest Cost. Period.

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.


You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, Money Metals Exchange, SD Bullion and Royal Canadian Mint ads on the site.


Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation