Commodity Trade Mantra

Posts Tagged ‘Imports of Silver’

When an Insatiable Appetite for Gold gets Diverted to Silver

India in the past has had a history of being the largest importer of gold, which it has only recently been dethroned from, due to India’s war on gold. Their appetite for gold is insatiable and therefore it was only logical to assume that a large percentage of the funds intended to flow into gold, were going to go to the next best thing – SILVER. This has and continues to prove to be the case.

Will The Chinese Stockpiling Trigger A Big Move In Silver Prices?

While Comex silver inventories have been declining from a peak of 184 million oz (Moz) in July 2015 to 154 Moz today, silver stocks at the Shanghai Futures Exchange have been doing the exact opposite – from 233 metric tons, or 7.5 Moz on August 20th 2015 to a staggering 1,706 mt today (54.7 Moz). For whatever reason, the SHFE is accumulating a lot of silver.

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