According to Bloomberg, China imported over 800 tons of silv

According to Bloomberg, China imported over 800 tons of silver in March, a very high figure. The Kobeissi Letter reports that the year-to-date total has reached approximately 1,626 tons, the highest in history.
Could this be due to the soaring price of gold, leading China to FOMO (fear of missing out) on silver?
The Kobeissi Letter suggests the cause may stem from China's use of silver in solar panel production. However, export costs will increase due to changes in tax refund policies starting April 1st, prompting businesses to stockpile silver in the preceding months.
We'll see clearer results from the April and May reports.
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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}According to Bloomberg, China imported over 800 tons of silver in March, a very high figure. The Kobeissi Letter reports that the year-to-date total has reached approximately 1,626 tons, the highest in history.

According to Bloomberg, China imported over 800 tons of silver in March, a very high figure. The Kobeissi Letter reports that the year-to-date total has reached approximately 1,626 tons, the highest in history.