Uploaded August 2026 | Updated September 2026, 2 weeks ago
India silver demand is rebuilding as newly released import licenses let jewelers and fabricators restock before the wedding season.
Rhona O'Connell, StoneX Head of Market Analysis, EMEA & Asia, explains what the new licensing regime asks of importers and why India sits at the center of the physical silver market.
India accounts for 63 percent of the global silverware market and 37 percent of the silver jewelry market on Metals Focus data for 2025, and those two end uses together take up 9 percent of global silver demand in all forms. The new licenses require a certificate of origin issued by a governmental authority in the country of origin before metal is accepted. On the gold side, borrowing activity points to mining companies selling into recent strength, while three Federal Reserve speakers in one week delivered a dovish, a neutral and a hawkish message with no forward guidance from the chair.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_rhona_o_connell&utm_content=share
00:00 - Federal Reserve Goes Quiet
00:40 - Three Speakers, Three Signals
01:03 - Gold Stalls as Miners Sell
02:08 - India Owns the Silver Trade
02:48 - Import Licenses Get Stricter
03:26 - The Monsoon Bill Comes Due
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#Silver #StoneX #RhonaOConnell #Gold
India silver demand is rebuilding as newly released import licenses let jewelers and fabricators restock before the wedding season.
Rhona O'Connell, StoneX Head of Market Analysis, EMEA & Asia, explains what the new licensing regime asks of importers and why India sits at the center of the physical silver market.
India accounts for 63 percent of the global silverware market and 37 percent of the silver jewelry market on Metals Focus data for 2025, and those two end uses together take up 9 percent of global silver demand in all forms. The new licenses require a certificate of origin issued by a governmental authority in the country of origin before metal is accepted. On the gold side, borrowing activity points to mining companies selling into recent strength, while three Federal Reserve speakers in one week delivered a dovish, a neutral and a hawkish message with no forward guidance from the chair.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_rhona_o_connell&utm_content=share
00:00 - Federal Reserve Goes Quiet
00:40 - Three Speakers, Three Signals
01:03 - Gold Stalls as Miners Sell
02:08 - India Owns the Silver Trade
02:48 - Import Licenses Get Stricter
03:26 - The Monsoon Bill Comes Due
Like and subscribe for more financial market insights.
#Silver #StoneX #RhonaOConnell #Gold
