Indian investors’ continuing love of silver is playing an essential role in demand, with new options, including exchange-traded products, being embraced.
As the world’s sixth-largest economy and the leading silver fabricator, India’s role in silver investment has the potential to rise even further. A new market report by The Silver Institute, ‘Trends in Indian Investment Demand’, examines the main components driving demand for silver in the country.
In 2022, following two years of depressed buying, India saw a healthy recovery in physical investment in silver bars and coins. In addition, at the end of 2022, silver exchange-traded product (ETP) holdings in the country stood at an estimated eight Moz – a strong start, given that these products were only released in late 2021.
Digital silver products have also been newly launched in India and are already offered by nine companies, although awareness amongst investors is yet to gain momentum.
Read the full report here.