{"id":334717,"date":"2023-01-25T17:40:47","date_gmt":"2023-01-25T22:40:47","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=334717"},"modified":"2023-01-25T02:33:39","modified_gmt":"2023-01-25T07:33:39","slug":"indian-silver-imports-set-record-in-2022","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2023\/01\/indian-silver-imports-set-record-in-2022\/","title":{"rendered":"Indian Silver Imports Set Record in 2022"},"content":{"rendered":"
by Peter Schiff, Schiff Gold<\/a>:<\/em><\/p>\n <\/p>\n India\u2019s love for\u00a0gold<\/a>\u00a0is well-known. It is the second largest gold-consuming country in the world behind China. But Indians also have an affinity for\u00a0silver<\/a>.<\/p>\n Last year, silver imports into India hit a new record of \u00a0304 million ounces. That crushed the previous import high of 260 million ounces set in 2015.<\/span><\/p>\n More than half of the silver flowing into India is used in jewelry and silverware, and about one-third of India\u2019s silver demand comes from investors in physical metal including\u00a0silver bars<\/a>\u00a0and\u00a0silver coins<\/a>.<\/p>\n