ZitatMarch 12, 2026, the PM markets data in China. I got a VPN and will try to post the data report every day, but not sure. Today, Chengtong Group's subsidiary Zhonggongmei Supply Chain injected 49.6 tons of physical silver into the Shanghai Futures Exchange's silver vault.
ZitatChengtong is state owned, so essentially Chinese state is keeping orderly markets by providing inventory. Suspect they imported from South America and refined locally. This will continue to happen.
ZitatEveryone can clearly see silver was pulled from the SGE vaults and inserted into SHFE vaults to keep SHFE vaults from going to zero for a few more days.