China Tightens Silver Grip: India's Growing Reliance Poses Strategic Risk

• China is increasing its control over the global silver supply, posing a strategic risk for countries including India.
• India's dependence on China for silver imports has surged to over 40%, up from 25% a decade ago, becoming a structural issue post-COVID.
• Silver is vital for defense, new-age technologies, and industrial applications like solar cells and electronics.
• Other nations like Thailand, UK, Malaysia, and Switzerland also show increasing reliance on China for silver.
• China's control over silver supply could impact critical industries globally, similar to past chip shortages.

Why It Matters: India's rising dependence on China for critical silver supply creates a significant strategic and industrial risk.