Indian Silver Imports Up 15 Percent in 2014

Koos Jansen of BullionStar.com said Monday that during 2014, India imported 7,063 tonnes of silver, up 15 percent from 2013.

As quoted in the market news:

In December India imported $182.31 million in silver; divided by an average price of $16.3 an ounce this accounts for 11,188,095 ounces, or 348 tonnes, down 72 % from 1,254 tonnes in November. The total gross amount of silver imported in 2014 accounted for a whopping 7,063 tonnes, up 15 % from the shocking 6,125 tonnes in 2013. As far as my data goes back (2009) net silver import 2014, 7,055 tonnes, is a record.

Click here to read the full BullionStar.com report.