1/
🇮🇳 CONNECT THE DOTS:
Until March 31 2026, India restricts silver imports (DGFT licensing).
From April 1 2026, the RBI will allow 85% LTV loans against gold and silver. 🏦🥈
🇮🇳 CONNECT THE DOTS:
Until March 31 2026, India restricts silver imports (DGFT licensing).
From April 1 2026, the RBI will allow 85% LTV loans against gold and silver. 🏦🥈
2/
What changed?
“Free” imports → now Restricted.
You’ll need a license to import certain silver jewelry/products.
Goal: curb duty evasion, improve traceability, and clean up import channels.
What changed?
“Free” imports → now Restricted.
You’ll need a license to import certain silver jewelry/products.
Goal: curb duty evasion, improve traceability, and clean up import channels.
3/
Timing isn’t random.
First, tighten the gates on unmonitored inflows.
Then, let banks operate with silver as collateral safely and transparently.
March 31 → April 1. That’s not coincidence.
Timing isn’t random.
First, tighten the gates on unmonitored inflows.
Then, let banks operate with silver as collateral safely and transparently.
March 31 → April 1. That’s not coincidence.
4/
Mechanics:
Less “fake jewelry” entering duty-free = more verifiable physical silver in the system.
Banks can now lend against clean, certified metal.
→ Risk management 101.
Mechanics:
Less “fake jewelry” entering duty-free = more verifiable physical silver in the system.
Banks can now lend against clean, certified metal.
→ Risk management 101.
5/
Short-term in India:
– Imports slow → premiums rise.
– Possible local shortages around festivals & weddings.
– Watch MCX vs. global spot and INR moves.
Short-term in India:
– Imports slow → premiums rise.
– Possible local shortages around festivals & weddings.
– Watch MCX vs. global spot and INR moves.
6/
Mid-term:
– Banks & NBFCs launch silver-backed loan products.
– Households keep their silver and borrow instead of selling.
→ The physical market tightens.
Mid-term:
– Banks & NBFCs launch silver-backed loan products.
– Households keep their silver and borrow instead of selling.
→ The physical market tightens.
7/
Global angle:
India is a metals powerhouse.
Every import restriction + domestic bank demand = less free float for the rest of the world.
Expect higher premiums & tighter supply elsewhere.
Global angle:
India is a metals powerhouse.
Every import restriction + domestic bank demand = less free float for the rest of the world.
Expect higher premiums & tighter supply elsewhere.
8/
Keep an eye on:
– DGFT license policy updates.
– RBI lending guidelines & collateral standards.
– Hallmarking / assay rules for eligible silver.
– MCX–London/NY spread.
Keep an eye on:
– DGFT license policy updates.
– RBI lending guidelines & collateral standards.
– Hallmarking / assay rules for eligible silver.
– MCX–London/NY spread.
9/
Risks / counterpoints:
– Broad licensing or new smuggling routes could blunt the impact.
– A volatile rupee may offset part of the price effect.
Risks / counterpoints:
– Broad licensing or new smuggling routes could blunt the impact.
– A volatile rupee may offset part of the price effect.
10/
Bottom line for stackers:
First tighten the door (imports), then open the window (bank collateral).
This is silent remonetization in real time.
CONNECT THE DOTS. 🦍🥈
#Silver #India #RBI #DGFT
Bottom line for stackers:
First tighten the door (imports), then open the window (bank collateral).
This is silent remonetization in real time.
CONNECT THE DOTS. 🦍🥈
#Silver #India #RBI #DGFT
@threadreaderapp unroll
If you understand what’s really happening — you’re already one of us.
Follow @honzacern1 and connect the dots. 🦍🥈
#SilverStackers #StackerLogic
https://x.com/honzacern1/status/1981011681523454374
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