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Posted on 05/02/2026 5:32:25 AM PDT by delta7
China imported approximately 836 tonnes of silver in March, the highest monthly total ever recorded, as demand from the country’s solar manufacturing sector and retail investors simultaneously overwhelmed domestic supply, according to Chinese customs data reported by Bloomberg.
The March figure is 78% above February’s 470 tonnes — itself a record for that month — and runs 173% above what March typically sees — the 10-year seasonal average for the month sits at around 306 tonnes. Year-to-date imports through March now stand at approximately 1,626 tonnes, the highest on record for the first quarter.
Solar panel manufacturers — China dominates global solar production and the sector consumes a significant share of annual silver supply — accelerated purchases ahead of the removal of an export tax rebate on April 1, front-loading demand into the first quarter. Retail investors simultaneously piled into silver bars as an alternative to gold, which has become increasingly expensive.
The combination, hitting a market already running low on exchange stockpiles, creates the conditions for sharp and sudden price dislocations.
That vulnerability was on full display earlier this year. Silver hit a nominal all-time high of $121.62 per ounce on January 29 before collapsing to approximately $64 by February 6 — a decline of nearly 47% in eight days.
The extreme swing reflected regional supply bottlenecks rather than a global shortage, according to Goldman Sachs analysts Lina Thomas and Daan Struyven, who warned in January that China’s new export restrictions on silver — requiring official approval for all outbound shipments — risked fragmenting the global market and creating conditions for repeated short squeezes.
Chinese domestic silver prices have traded consistently above international benchmarks through 2026, drawing metal from overseas markets and depleting exchange inventories.
The record import figures confirm that physical demand in China has remained intact even as prices swung violently, suggesting the buying is being driven by underlying industrial and investment needs rather than speculative positioning alone.
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Our Comex is now down to historic lows of Silver in their Registered stocks.
And yet silver has been hovering in the mid 70s for months. What gives?
I wonder if the collapse of the EV industry will have an impact on the price of silver.
The people of China have probably determined that silver is a better investment than phantom real estate.
“manipulation....banksters smashed the price down for decades, “
A few months ago you were predicting the failure of JPM and other banks because they held silver short positions.
Your Sicrates failed because it was in the MSM that they were long on silver.
Either Socrates failed or you were being deceptive.
COMEX is not a physical “silver exchange” where bars are directly bought and sold like at a bullion dealer. Instead, it’s a futures and options market where traders buy and sell contracts tied to metals, including silver.
.
And yet silver has been hovering in the mid 70s for months. What gives?
Decades of manipulation by the banks and funds can not end overnight. One look at the Registered, Open Interest and physical deliveries ALL point an end of the corruption. Some say Trump ordered himself JP Morgan to end the manipulation and let the free market decide price....but all that said, China has still managed to drain western supplies.
“Decades of manipulation by the banks and funds can not end overnight. “
A few months ago you said JPM and the other big banks would go under due to there short positions.
That was false since they were long silver.
That information was public knowledge.
The people of China have probably determined that silver is a better investment than phantom real estate.
Silver Price Performance USD
Change Amount %
Today +1.77 +2.40%
30 Days +0.80 +1.10%
6 Months +25.30 +52.38%
1 Year +41.58 +129.90%
5 Year +46.67 +173.33%
20 Years +59.43 +419.80%
silverprice.org - 17:15 NY Time
This PM Bull started in Jan 2023, physical holders are doing well....paper miners better, up 5-7 x.
“Change Amount %”
Down 40% since you said to sell everything and buy silver at $121.
87 posted on 1/29/2026, 5:31:36 PM by delta7
Rock solid...argue away with the numbers....and that’s just for physical, miners are 2-7x.....you are funny.
Silver Price Performance USD
Change Amount %
Today +1.77 +2.40%
30 Days +0.80 +1.10%
6 Months +25.30 +52.38%
1 Year +41.58 +129.90%
5 Year +46.67 +173.33%
20 Years +59.43 +419.80%
silverprice.org - 17:15 NY Time
“Rock solid...argue away with the numbers”
Since you said sell everything and buy silver at $121 three months ago, you are down 40% and I am up 20%.
“I wonder if the collapse of the EV industry will have an impact on the price of silver.”
What collapse?
“Today +1.77 +2.40%”
Nope.
54.95 USD −0.19 (0.24%) today
May 3, 11:13 PM EDT
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