US Mint Silver Sales Ain’t Got Nothing On Indian Demand

silver barsThis is ALOT of silver…

 

Submitted by Smaulgld

2015 Indian Silver Imports were nearly six times larger than 2015’s record sales of American Silver Eagles and nearly 1/3 of the entire estimated 2015 global silver mining production.

In 2015, India imported over 8,500 tonnes of silver. This was up 20% from 2014’s 7,083 tonnes

Indian Silver Imports 2008-2015 chart

India’s voracious appetite for silver is, as the Wealth Watchman puts it – gargantuan.

Here is a chart that gives some perspective as to the enormity of Indian silver consumption.

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