India's Silver Imports Soar 129% Amid Price Hikes, Supply Concerns

• India's silver imports surged by 129% to $7.77 billion from April to December, driven by rising prices and supply concerns.
• December alone saw a 79.7% jump in silver imports to $0.76 billion, contrasting with a 12.1% fall in gold imports.
• Global silver prices hit near-record highs ($93.7/ounce) due to geopolitical tensions and safe-haven demand.
• China's upcoming stricter export rules for silver, effective January 2026, are contributing to supply worries and price volatility.
• Silver's industrial demand is growing, especially in solar manufacturing (17% of global demand by 2025) and electronics, prompting India to seek FTAs with producing nations like Peru and Chile.

Why It Matters: India's silver imports are skyrocketing due to global price surges, supply fears, and increasing industrial demand.