Indian Buyer Appetite for Silver Slides, Despite Low Prices

Mineweb reported that, despite a slide in silver prices, Indian buyers are refraining from purchase.

As quoted in the market report:

There has been a 30% fall in the price of silver. This should have got more buyers walking in eager to make a beeline for the metal. But that does not seem to be happening. Despite the meltdown in silver, consumers are going in for gold,” said Rohit Arora, bullion trader.

To view the whole Mineweb report, click here.