Silver Bullion Being Airlifted to Meet Eastern Demand

The LBMA, or London Bullion Market Association, held its annual conference in Lisbon, Portugal, this past week.

Over 700 attendees were present. Many of them have traded precious metals derivatives in their careers, according to the LBMA's Ruth Crowell years back. Yet, many have never actually seen or touched a large good delivery gold bar throughout their professional work lives.

One of this week's LBMA conference attendees, Nicky Shiels from Pamp Suisse, took to Twitter to give insights on what she saw and heard in Lisbon.

To corroborate her claims. This past week we got an update on Indian Silver Bullion Import figures through September 2022. India imported their second-highest monthly silver bullion importation figure, consuming over 56 million ounces.