India is gobblin up silver now too? - Silver Steals the Glitter of Gold in India

This article argues that due to a declining rupee Indians are moving more towards silver. Gold will still be their fav metal but I guess if you can't afford gold buy its ugly cousin! I couldn't agree more.

"The volume of silver futures contracts traded at India's largest commodity exchange, the Multi Commodity Exchange, jumped 30% in September compared with July, while volumes fell by 10% for gold futures contracts during the same period.

Prolonged currency weakness in India pushed domestic rupee-denominated gold prices to records earlier this year, while silver never exceeded the record it hit last April. Rupee-denominated silver is currently being quoted around 20% below the record."

http://online.wsj.com/article/SB10000872396390443768804578036424203444126.html