20 Oct 2025 | 5 Mins Read
Global silver market faces crisis after India shortage
Flipitmoney
The global silver market faces its most severe crisis in decades due to an unprecedented surge in demand from India during the Diwali season. Millions rushed to buy silver amid soaring gold prices, leading to a shortage that spilled over to the London market. Prices surged to $54 an ounce before drastically falling. Indian demand exceeded expectations, with Indian customers stockpiling silver.