ING’s commodities team highlights that China’s Silver imports hit a record in March, driven by retail and solar-sector demand, far exceeding the 10‑year March average. Strong domestic demand earlier pushed Chinese Silver prices to a premium and spurred arbitrage flows, but prices have since retreated from January’s record highs as retail momentum softened.
Chinese imports retreat from extremes
“In other precious metals, China’s silver imports surged to a record high in March, boosted by demand from retail investors and the solar sector.”
“Imports rose to around 836 tonnes, according to Chinese customs data, well above the 10‑year March average of roughly 306 tonnes.”
“Earlier in the year, strong domestic demand pushed Chinese silver prices to a premium over international markets, triggering arbitrage flows.”
“Silver prices have since then pulled back from their January record highs, while retail momentum has softened.”
