Silver demand and import in India decline, but price outlook bullish

India's demand has been muted especially since import duty was raised to 12.5 per cent last July

Unlike gold, silver may be facing headwinds in 2020 if the industrial slowdown persists and the coronavirus spread isn’t checked. However, the white metal is expected to rally in 2020. This may prompt India to import less silver during the year. 

Like gold, India has been importing less silver. Moreover, domestic demand is also falling and the old stock of silver is being sold in the market. If China’s situation worsens and hits global economies, it will have negative consequences for industrial metals, and, silver, in particular. 

Silver demand is mainly from industrial users who are reeling from a slowdown. And, if