Silver jewellery sees India-led recovery

Fall led by China, India where jewellery offtake was weaker due to higher prices, build-up of stocks

This year is expected to be a better one, feels the silver trade on the global trend.

The World Silver Survey 2017, issued by the US-based Silver Institute, said 2016 saw a nine per cent fall in demand for silver coin and medals fabrication, from a record high in 2015, to 123.2 million ounces (Moz). Total physical demand fell by 11 per cent to 1,027.8 Moz, with weaker offtake for jewellery, silverware and retail (by individuals) investment.

Silver jewellery fabrication declined nine per cent to 207 Moz from the record of 228.3 Moz in 2015. The fall was led by