Why Silver Ran Out This Diwali

India just shook the global silver market — all because of **Diwali**.

This year, festive demand was so massive that even **MMTC-PAMP**, India’s largest silver refiner, officially ran out of stock for the first time in history.

But this wasn’t just about Dhanteras shopping. It was the *perfect storm* of three forces — rising festive demand, global stockpiling by **solar and EV industries**, and delayed imports caused by tariffs and transport issues.

The result? A sudden supply crunch that hit even **London’s Bullion Market**, the world’s silver trading hub.

When 1.4 billion people buy silver at once — the world feels it.

So what do you think — is this the start of a long bull run for silver?


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