Sold out in India, panic in London: How the silver market broke
India’s silver market is facing an unexpected supply crunch, triggering global concern as demand soars and inventories shrink. According to a recent Moneycontrol report, silver stocks have nearly dried up in India, while traders in London are also witnessing panic as spot prices surge. The surge in Indian demand, driven by jewellers, investors, and industrial sectors, has created a ripple effect across global markets. Analysts suggest that the shortage is not only due to increased consumption but also logistical delays and reduced imports amid volatile global prices. Silver’s critical role in electronics and renewable energy has added pressure to the already tight supply. As prices continue to climb, both investors and industries are scrambling to secure the remaining available metal. This unexpected silver squeeze highlights growing concerns over global metal supply chains and India’s increasing influence in the precious metals market.
The Key points
- India’s silver inventories have nearly run dry.
- London traders report panic due to global shortage.
- Rising Indian demand pushes international prices higher.
- Industrial and investment sectors drive silver consumption.
- Import delays worsen domestic market tightness.
- Renewed interest from jewellers adds to pressure.
- Global supply chains struggle to meet rising needs.
- Silver’s use in solar and electronics boosts demand.
- Analysts warn of continued price volatility ahead.
- India emerges as a major player in global silver trade.
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