Key Market Indicators
The United States, the United Kingdom and China respectively ranked numbers 1, 2 and 3 in this ranking. Indian silver imports are set to reach around $4.5 billion by 2026, a 2.6% year-on-year growth on average. Since 1993, demand has increased by almost 19%. The United States, the United Kingdom and Japan are the top three importers. Meanwhile, silver exports from India declined by 88.2% in 2018, reaching 60 kilograms compared to 510 kilograms in 2017. Since 2005, supply has dropped by almost 50%. The United States, the United Kingdom and China are the top three exporters.