Page 27 - Bullion World Volume 5 Issue 05 May 2025

Bullion World | Volume 5 | Issue 05 | May 2025

Buyer Behavior & Digital Silver – Mr Chirag Thakkar:
Reflecting on past trends, Mr Chirag Thakkar noted that current price
surges haven’t triggered panic selling—unlike 2011. Digital silver is
gaining traction with younger investors: over 2,700 of his 35,000 clients
are under 20. Demand for physical bars and digital silver is growing. Coin
demand remains festive and ceremonial, rarely recycled unless prices
surge.

Regulatory Landscape – Mr Amit Vashisht & Mr Chirag Thakkar:
While silver ETFs are stringently regulated, digital silver platforms are still
self-regulated. Mr Thakkar explained how private platforms maintain client
trust through voluntary audits and vault transparency. Both called for a
formal regulatory framework.
Mr Chirag Thakkar
Amrapali Gujarat

Long-Term Outlook – Panel Consensus:
Mr Sajeja projected rising demand from solar and defense sectors. During Q&A, Mr Thakkar observed that digital
investors are less reactive to volatility. Monetization is still premature due to lack of verification infrastructure.
ETFs offer a feasible alternative.

Closing Summary – Mr Johnson Lewis:
• Silver is gaining independent recognition beyond gold.
• Digital and ETF platforms are unlocking new investor bases.
• Regulatory progress and ecosystem alignment are key to future growth.
He concluded, “If gold is tradition, silver is innovation.”

Session 4

Silver in Industrial Applications

Mr Murli Nikam, Modison Ltd, Dr Shiwani Pareek, Adani Solar
Dr Trevor Keel, Silver Institute, Mr Ankur Goyal, MMTC PAMP India Pvt Ltd

Mr Goyal opened the session by contextualizing India’s growing silver imports—7,000 tons annually—
mainly for jewellery and investment. However, industrial demand is poised to expand dramatically, driven
by solar energy and other advanced technologies.

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