India's Massive Silver Demand Nearing 2x U.S. Level

``... initial trade data shows that India has imported 1,400 metric tons (mt) of silver in August.  While this is lower than May's 1,542 mt, it is the second highest on record... In their recently released August Report, ETF Securities forecasts Indian silver imports to reach 340 million oz (Moz) or 10,500 mt. Not only is that a lot of silver, it will consume 40% of global mine supply.''