Ketan S Dhruv, Director at Bangalore Refinery, says silver has seen one of its strongest years in over a decade, with demand surging across industrial buyers, retail investors and exchange-traded products.

“Silver has been a fabulous year in terms of demand… I don’t remember such demand in the past 15 years,” Dhruv said, adding that the momentum is expected to hold at least for the next quarter.

He added, “We feel that the demand will sustain, at least for the next quarter. We have seeing stable demand, even at high prices, from the industrial side of the business as well, and also from the retail side as well.”

India’s industrial consumption of silver has risen sharply this year. According to Dhruv, demand from industries has increased by nearly 10-15%, even though silver prices have

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