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India’s silver imports set to slide

Posted on 29 November 2011

Silver is not generating any interest from buyers in India at the moment, despite the small fall in price. In Mumbai, it fell 3.88% on Saturday to settle at $1,063.39 a kilo as compared to $1,106.34 two weeks ago. On Monday, silver was down further in early trade, quoting at $1,010.99.
Traders insist that investors and consumers will only reappear in the market if the price falls below a certain benchmark price in India………………………………………..Full Article: Source


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VRS - who has written 37533 posts on Opalesque Commodities Briefing.


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