Silver shortage grips India as global London inventories shrink and borrowing costs jump
The silver market is under stress globally as Indian demand surges ahead of Diwali while London vault liquidity tightens. Dealers report that some banks are unable to roll over silver loans, as borrowing rates have spiked to annualised levels of up to 200 %. This squeeze is driven by a combination of ETF accumulation (~100 million ounces year-to-date) and industrial demand, particularly for solar-photovoltaic applications. In India, retailers are reporting reduced coin and bar availability amid the rush. Analysts warn of potential knock-on effects for manufacturing and jewellery supply chains.
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13h ago
Silver shortage grips India as global London inventories shrink and borrowing costs jump
The silver market is under stress globally as Indian demand surges ahead of Diwali while London vault liquidity tightens. Dealers report that some banks are unable to roll over silver loans, as borrowing rates have spiked to annualised levels of up to 200 %. This squeeze is driven by a combination of ETF accumulation (~100 million ounces year-to-date) and industrial demand, particularly for solar-photovoltaic applications. In India, retailers are reporting reduced coin and bar availability amid the rush. Analysts warn of potential knock-on effects for manufacturing and jewellery supply chains.
neutral
Silver shortage grips India as global London inventories shrink and borrowing costs jump
about 13 hours ago
1 min read
90 words
Global silver supply squeezes as Indian demand spikes and London borrowing costs hit annualised 200 %.
The silver market is under stress globally as Indian demand surges ahead of Diwali while London vault liquidity tightens. Dealers report that some banks are unable to roll over silver loans, as borrowing rates have spiked to annualised levels of up to 200 %. This squeeze is driven by a combination of ETF accumulation (~100 million ounces year-to-date) and industrial demand, particularly for solar-photovoltaic applications. In India, retailers are reporting reduced coin and bar availability amid the rush. Analysts warn of potential knock-on effects for manufacturing and jewellery supply chains.
The silver market is under stress globally as Indian demand surges ahead of Diwali while London vault liquidity tightens. Dealers report that some banks are unable to roll over silver loans, as borrowing rates have spiked to annualised levels of up to 200 %. This squeeze is driven by a combination of ETF accumulation (~100 million ounces year-to-date) and industrial demand, particularly for solar-photovoltaic applications. In India, retailers are reporting reduced coin and bar availability amid the rush. Analysts warn of potential knock-on effects for manufacturing and jewellery supply chains.