Start the conversation
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.
Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter
Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…