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Why Is India Facing a Historic Silver Shortage and London on Edge? Explained
India’s silver market ran out of stock for the first time in history last week as festival demand and global investment pressure sent prices soaring, creating panic in London, where the world’s largest bullion banks struggled to meet orders. About two weeks ago, JPMorgan Chase & Co., one of the world’s largest precious metals traders and a key supplier to the Indian market, informed at least one client that it had exhausted its silver allocations for October shipments to India, with the next availability only in November, reports Bloomberg. Vipin Raina, head of trading at MMTC-Pamp India Pvt., said he was ... (full story)
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Oct 19, 2025 1:42pm
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