India Silver Imports Seen Extending Rebound From Four-Year Low
- Overseas purchases may rise in 2017, 2018: Metals Focus
- A 5.3% drop this year in local prices aiding recovery
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Silver imports by India, one of the world’s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted by weak prices.
Overseas purchases are estimated at as high as 5,500 metric tons in 2017 and may rise to about 6,000 tons next year, surging from 3,000 tons in 2016, according to Chirag Sheth, an analyst at London-based Metals Focus Ltd., an independent precious-metals research firm.