🔥This is a silver market development for the history books:



Silver imports SPIKED +78% in March, ~836 tonnes, AN ALL-TIME HIGH, according to Chinese customs data.

Chinese silver imports last month exceeded the 10-year seasonal average for March by +173%.

Year-to-date, China has imported ~1,626 tonnes of silver, the MOST EVER.

This comes as retail investors piled into small silver bars as a lower-cost alternative to gold, while solar manufacturers front-loaded production ahead of the removal of export tax rebates on April 1.

The global solar industry consumes ~20% of total annual silver supply, with activity overwhelmingly concentrated in China.

As a result, strong domestic demand pushed Chinese silver prices well above international market prices, prompting traders to ship silver from across the world to capture the arbitrage opportunity.

China's demand for silver is rewriting the record books.

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CRYPTOSHESH
· 6h ago
nice job 👍
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