China’s silver imports rose +78% MoM, to a record ~836 tonnes in March. This is +173% above the 10-year seasonal average for March

China’s silver imports exploded in March.They jumped +78% month-over-month to a record ~836 tonnes.That’s +173% above the normal 10-year seasonal average for March.Big surge came from retail investors buying silver bars plus solar panel makers stocking up before tax rebates ended. China is clearly hoarding silver hard right now.

h/t daddysgirl794