Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Silver Is Exploding in CHINA! 🚀 Record Imports = Game Over? 📈 #shorts

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Silver Is Exploding in CHINA! 🚀 Record Imports = Game Over? 📈 #shorts · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Major big news for silver from China.
• 0:03
  This is astounding, and we're going to analyze it from a
• 0:07
  couple different perspectives and talk about what it means as
• 0:11
  we move through the rest of this year in the silver market.
• 0:14
  This we're going to go out to the Financial Post.
• 0:17
  China's silver imports jump to a record on retail and solar
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  demand. OK, China imported a record
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  amount of silver. When was that, you may ask?
• 0:30
  OK. The world's biggest silver
• 0:32
  consumer, that would be China, imported around 836 tons last
• 0:39
  month. That was March, extending a
• 0:42
  strong run of inbound shipments so far this year, according to
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  Chinese customs data that came out on Monday.
• 0:49
  That compared to a 10 year seasonal average for March of
• 0:54
  about 306 tons. So they imported 836, all right.
• 1:00
  And on average over the last 10 years, they only imported 3.
• 1:03
  They went from 300 to 800 tons of silver.
• 1:08
  There's a little more data. The demand was bolstered by
• 1:11
  retail investors piling into small silver bars, an
• 1:15
  alternative to pricey gold, and solar manufacturers front run
• 1:20
  front loading production ahead of the removal of the export tax
• 1:24
  rebate on April 1st.