Traders described a growing panic as liquidity dried up. The cost of borrowing silver overnight soared to annualised rates of as high as 200%, according to consultancy Metals Focus

For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth. 

But when it came, he was still blown away. At the start of last week, his company, India’s largest precious metals refinery, ran out of silver stock for the first time in its history.....

More https://bit.ly/439xr9Z

Via business-standard.com