Although demand is expected to be low for the next month it is expected to pick up when the June to September monsoon period is over.

Rural India mainly accounts for silver demand so much depends on a successful agricultural season. The average annual Indian demand for silver is in the 3-4000 tonnes range.

The prospect of continuing improvement in the nation’s standard of living and the growth and increasing affluence of the middle classes should sustain upward demand from this major user over the long term with the consequent affect on the metal’s price.