Posted by Francis Koh on 19 May 2015

Why Is The U.S. Importing So Much Silver Bullion?

During the first two months of 2014, the United States imported 583 metric tons (mt) of silver bullion, 335 mt for January and 248 mt in February.   This turns out to be 18.7 million oz (Moz) of silver bullion.  However, something changed in 2015.

Not only did U.S. silver bullion imports increase this year…. they surged 44% to 838 mt:

U.S. Silver Bullion Imports 2014 vs 2015   U.S. Silver Bullion Imports JAN-FEB 2015 #1