India’s Silver Imports Set to Slide

- November 28th, 2011

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

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.

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