Silver Prices Soar: India Ranks 10th in Global Reserves, Peru Leads

• Silver prices have seen significant fluctuations, with a kilogram reaching Rs 2.90 lakh, making it an attractive investment.
• Peru holds the largest global silver reserves with 140,000 metric tons, followed by Poland (100,000 tons) and Australia (94,000 tons).
• Russia (92,000 tons) and China (72,000 tons) rank fourth and fifth respectively in global silver reserves.
• Mexico (37,000 tons), Chile (26,000 tons), and Bolivia (22,000 tons) also hold substantial silver reserves.
• India ranks 10th globally with approximately 8,000 metric tons of silver reserves, facing high domestic demand.

Why It Matters: Silver prices are surging, making it a preferred investment; Peru leads global reserves, India ranks 10th.