Stunning Development In The U.S. Silver Market

Jon Market Commentary, Precious Metals, Silver

Something quite interesting took place in the U. S. Silver Market over the past several months. Not only are we witnessing a shortage of silver investment products in the retail and wholesale markets, but there is also another interesting development that many are unaware. Actually, I was quite surprised by the recently released data.
According to the USGS, (U. S. Geological Survey), U. S. silver bullion exports to India exploded in June. Now, when I say, ‘Exploded’, this is not an overstatement at all. If we look at the chart below, we can see how U. S. silver bullion exports to India went from virtually nothing to 75 metric tons (mt) in June:

This post was published at SRSrocco Report on September 14, 2015.