While the West is massively dumping silver, in the East, the silver fever in China remains intense. Whatever the West releases, China absorbs it all. The amount of physical silver in reserves is dwindling daily.
🔸The supply of physical $XAG held on the Shanghai Futures Exchange (SHFE) has been steadily declining. Specifically, the figure has fallen from 482 tonnes to 455.06 tonnes.
🔸The fact that silver reserves "fell into a hole" in such a short period of time shows that purchasing power in China is still growing stronger.
🔸The fact that silver prices in Shanghai have a premium of up to $29/oz is understandable. When inventories are depleted, sellers are forced to pay high prices to find sources of supply to pay off debts or complete transactions.
With the current rate of inventory depletion, could the Shanghai Stock Exchange face the risk of running out of physical liquidity, triggering a global price surge?
News is for reference, not investment advice. Please read carefully before making a decision.