Silver glitters in India as record prices dull gold’s luster

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INDIA WATCH

Bloomberg/Swansy Alfonso/10-10-2019

“Imports of the poor man’s gold jumped 72% from a year earlier to 543.21 tons in August, according to the latest available data from India’s trade ministry.”

USAGOLD note:  We find reports of demand growth for silver like this one intriguing. If there is a migration of cultural interest to silver, it could stretch available supply and act as a foundational element in future pricing.