While silver investment demand in the West continues to remain weak, Indians are purchasing the white shiny metal hand over fist. In just the past six months, U.S. silver exports to India have exploded to record highs. Yes, there is no better way of putting it if we compare how little silver India imported from the United States during the previous six month period.

Furthermore, according to the Metals Focus Consultancy, they forecast even stronger Indian silver demand in 2019 due to rural Indians spending their “Cash Handouts” from the government to assist local economies ahead of the President’s election. How interesting. When Americans receive a government check in the mail, they use it to buy more throw-away crap they don’t need. However, many Indians use it to purchase silver as an investment.

Regardless, the chart below shows just how much silver the U.S. has exported to India over the past six months:

From March to August 2018, U.S. silver shipments totaled a paltry two metric tons. Now, compare that to the 517 metric tons from September to February 2019. Even if we include U.S. silver exports to India for Jan-Feb 2018, it only amounted to 1.2 metric tons. So, as we can see from the data above, there is extremely high demand for silver in India.

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