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While silver demand among U.S. traders at the moment is muted, silver demand in India - the world's biggest buyer of the white metal - is insatiable.
It will be one of the biggest factors supporting higher silver prices in 2014.
And it all stems from a move the government made to limit gold buying...
India - the world's biggest gold buyer - imposed heavy import duties on the yellow metal this year to try and narrow India's swollen trade gap. The government raised the import duty on gold three times this year to 10%.
In July, the government told importers that one-fifth of their purchases would have to be turned around for export. Only 80% would be available for domestic use.
As these import numbers show, silver has become the "go-to" precious metal for India's investors.