In 2013, India imported a record 5,478 MT of silver. However, word is that the country will not be able to sustain that demand in 2014.
Silver hit a four-month high early this week, but since then has taken a fairly steep fall.
Thus far this week silver has managed to keep its head above $21, even in the face of news that the US Federal Reserve may raise interest rates sooner than previously expected.
Silver Investing News spoke with Andrew Chanin, co-founder of PureFunds, about the PureFunds ISE Junior Silver ETF, the only exchange-traded fund that aims to hold silver explorers and junior silver producers.
Silver's movement this week has largely been driven by gold, but unfortunately the yellow metal's good fortune hasn't translated into significant gains for its white counterpart.
Here's a brief look at five silver ETFs currently attracting investor attention.
After a fairly lackluster January, this week silver futures recorded their longest rally since August 2013.
Alexco Resource, SilverCrest Mines, Almaden Minerals and Primero Mining are companies that Jordan Roy-Byrne suggested Vancouver Resource Investment Conference attendees check out.
While silver initially moved upward after the Fed said it will be reducing its bond buying by an additional $10 billion per month, today it has taken a fairly precipitous fall.
At the Vancouver Resource Investment Conference, David Morgan, publisher of the Morgan Report, said he sees silver rising to the $30 to $34 range in 2014.