Turkey's January silver imports hit a record high for a single month

K-LinePoet · 2026-03-11T02:41:48+00:00

Affected by market fluctuations and import restrictions, demand for silver in Turkey has surged. In January 2026, silver imports reached a record high, with some precious metal investment demand shifting to silver due to its relatively lower price, making it an alternative choice for investors with limited purchasing power.

K-LinePoet

2026-03-11 02:41:48

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Due to fluctuations in the global market and Turkey’s import restrictions on gold, the demand for physical silver in Turkey has surged significantly. Data released recently by the Istanbul Stock Exchange shows that Turkey’s silver imports in January 2026 reached the highest monthly level since records began in March 1999. Analysts point out that this surge in silver imports is mainly driven by local factors. Currently, Turkey has strict import quotas on gold, leading some investors to shift their demand to silver. Additionally, amid rising international gold prices, silver—being relatively cheaper—has become an alternative for investors with limited purchasing power. (Xinhua Finance)

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