Indian Silver Imports in Perspective

Indian Silver Imports Were a Record 8,506 Tonnes (273,473,854 ounces) in 2015.

2015 Indian Silver Imports were nearly six times larger than 2015’s record sales of American Silver Eagles and nearly 1/3 of the entire estimated 2015 global silver mining production.

JM Bullion

In 2015, India imported over 8,500 tonnes of silver. This was up 20% from 2014’s 7,083 tonnes

Indian Silver Imports 2008-2015 chart

Indian silver imports hit a record in 2015.

India’s voracious appetite for silver is, as the Wealth Watchman puts it – gargantuan.

Here is a chart that gives some perspective as to the enormity of Indian silver consumption.


Indian silver imports from 2013-2015 exceeded American Silver Eagle sales from 1986- 2016 and are about 80% of 2015’s global silver mining production

To learn more about India and silver click here.

To see historic Indian silver import charts click here

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

Get Free Updates From

Subscribe to 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 for free to receive gold and silver updates.

Sources: Indian Silver Imports- Indian Ministry of Commerce and Industry and Sharelynx; American Silver Eagle Sales – the US Mint; 2015 Global Silver Mining Production – The Silver Institute

Buy American Silver Eagle Coins
Buy American Gold Eagle Coins
Buy American Gold Buffalo Coins

Royal Canadian Mint

Further Reading:

US Mint Sales (monthly archive)

Canadian Mint Sales (quarterly and annual archives)

Perth Mint Sales (monthly archive)

Silver Supply and Demand 2015

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

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

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