China's Silver Market Sees SHFE Intervention

The precious metals market in China is currently undergoing notable developments. After a prolonged period of significant supply depletion, the Shanghai Futures Exchange (SHFE) has taken emergency measures to replenish its silver reserves.

๐Ÿ“ˆ On Wednesday, the SHFE recorded an 18.7-ton increase in its silver vault inventories. This unexpected injection temporarily halts the substantial, market-draining inventory decline observed recently.

Despite this additional supply, market tensions remain. The extended period of low inventories continues to fuel speculation about a potential short squeeze in the silver market. ๐Ÿ“‰