Metals & Macro Liquidity

According to Huishang Futures, Peru issued an emergency energy decree on May 11. The country's silver production accounts for 13.6% of global output and 18% of global reserves, making it the world's third-largest producer and largest holder. The decree sparked market concerns over silver supply

iShares Silver Trust, the world's largest silver ETF, added 33.78 tons of silver holdings yesterday (May 11), bringing total holdings to 15,118.67 tons.

According to Jinshi Data, Alaska's state Senate passed legislation on May 11 recognizing gold and silver as legal tender with a near-unanimous vote of 19-1. The bill, which had previously passed the state House unanimously 40-0, now awaits Governor Mike Dunleavy's final review. Under the legislatio

SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 1.999 tons compared to the previous day, bringing total holdings to 1,038.279 tons.

Spot gold fell 0.45% to $4,714.95 per ounce on Tuesday, May 12, trading between $4,773.53 and $4,638.61. COMEX gold futures declined 0.15% to $4,721.00 per ounce, with an intraday range of $4,783.40 to $4,645.20.

The Indian government raised base tariffs on gold and silver imports from 5% to 10%.

JPMorgan Chase's asset management arm filed paperwork on Tuesday for its second tokenized money market fund, the JPMorgan OnChain Liquidity-Token Money Market Fund (ticker JLTXX). The fund would issue digital tokens on the Ethereum blockchain representing shares in a portfolio of U.S. Treasuries

According to Shanghai Gold Exchange, gold and silver T+D contracts closed lower on May 12 evening. Gold T+D fell 0.73% to 1,025.9 yuan per gram, while silver T+D declined 0.28% to 20,912 yuan per kilogram.

Spot palladium declined over 4% intraday on May 12, trading at $1,447.75 per ounce.

According to Gelonghui, spot gold declined to $4,660 per ounce today (May 12), down 1.60% intraday.

Spot gold fell over $50 intraday to $4,684.17 per ounce, declining 1.08% on May 12.

Following the U.S. CPI report release on May 12, spot gold initially rose before declining by approximately $10, while the U.S. Dollar Index (DXY) gained around 5 points, according to Gate data.

According to Glontech, spot silver declined 3% intraday on May 12, trading at $83.46 per ounce.

According to sources, Indian banks resumed gold and silver imports on May 12 after paying a 3% tax. In May, the banks cleared 9 tons of gold and 34 tons of silver through customs, according to Gelonghui.

According to Shanghai Gold Exchange, on May 12, gold T+D closed 0.23% higher at 1028.49 yuan per gram, while silver T+D gained 4.39% to close at 20750.0 yuan per kilogram.

According to Jin 10 Futures, spot platinum fell 3.74% and spot palladium declined 2.04% as of 15:00 Beijing time on May 12.

Spot platinum fell 3% intraday on May 12, trading at $2,067.15 per ounce.

According to reports, on May 10 President Trump reiterated his desire to visit Fort Knox in Kentucky to verify the gold reserves held there, previously expressing suspicion that "some people" may have stolen gold. Fort Knox holds approximately 147 million ounces of gold, representing 56% of U.S.

Peru has issued an emergency energy decree following a liquidity crisis at the state-owned oil company, according to data from the U.S. Geological Survey and World Silver Association. The country holds 21.8% of global silver reserves and accounts for approximately 14% of global silver production,

According to Titan Company's CFO Ashok Santha, on May 12, the company warned of potential temporary demand slowdown if India's government restricts gold purchases. However, Santha stated that gold supply should remain stable for the next 3-4 months, and local demand will maintain resilience in the l