Sharp increase of 30-35% in silver import as demand show vibrancy

Even import bill for silver has jumped almost 30% to $3.934 billion

Silver import has seen a sharp uptick in 2018. Analysts said that import is estimated to have gone up between 30-35 per cent. Import has seen a jump following higher consumer demand. Even import bill for silver has jumped almost 30 per cent to $3.934 billion. Average international silver price in 2018 was down by 8 per cent to $15.7 per ounce.

Traders and importers estimate the increase in import around 20-25 per cent. However, import bill in last quarter of 2018 has doubled to $1.2 bn from October quarter. Which means in last quarter huge quantities are understood to