(Kitco News) – India imported a record amount of silver in February, with silver imports surging 260% during the month, according to government and industry sources.

The country imported a record 2,295 metric tons of silver during the month, more than tripling the 637 tons recorded in January. India is the world's biggest silver consumer, and with imports of the gray metal now on pace for a 66% year-over-year increase, the demand could help catalyze the nascent silver breakout.

The outsized imports were supported in part by lower duties which spurred larger purchases from the United Arab Emirates (UAE). India imported 939 tons from UAE in February, representing 41% of.. see & reasd more on
https://kitco.com/news/article/2024-04-09/indias-silver-imports-skyrocket-february-now-pace-66-increase-2024