Price drop makes silver an even hotter investment in India

``"The falling margin in precious metals turned out to be a boon for traditional buyers," said Someshwarbhai Zaveri, bullion trader in Mumbai... Traders said that several Indian mutual fund houses are planning to launch silver ETFs as soon as regulatory authorities give them the go-ahead. Indians typically buy gold and silver jewellery or small bars, but with prices jumping, demand for smaller items of jewellery has been replaced by growing interest in investment products such as silver exchange traded funds (ETFs).''