India’s Silver Imports Set to Slide

Mineweb reported that silver prices are still too high to attract interest from Indian buyers.

As quoted in the market news:

An analyst with a brokerage firm here said silver prices overseas have declined 37.7% since the peak witnessed in April of over $49.51, as against gold’s 13% gains. Though this would be the ideal time to shore up on silver, since it makes the white metal a good long term investment, consumers are keeping away.

Click here to read the full Mineweb report.