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    Indians are fence sitters in massive global silver rally

    Apart from silver’s numerous industrial uses, it is widely used in making jewellery, artefacts and other silverware in India and China.

    Synopsis

    Demand determines the price of any commodity. But that does not seem to be the case with silver, which has gained nearly 54% to about Rs 73,300 per kilogram over a one-year period.

    Hasmukhbhai Shah, proprietor of Silver House in Mumbai’s Colaba Causeway, does not comprehend the widespread speculative trading that is taking place on the white metal in global markets. While Shah sees the possibility of industrial silver prices holding up in the event of a faster economic recovery, he still cannot pinpoint a reason for the frenzied buying by hedge funds and other global investors.Shah’s Silver House, which sells jewellery and
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    The Economic Times