For the last three weeks the Chinese have been cutting their silver holdings.
According to the Shanghai Futures Exchange (SFE), the amount of silver held at this entity decreased by 181 tons (5.8M ounces). It looks like the highest Chinese demand for silver is around Y110 (Yuan - the Chinese national currency) per ounce:
On the other hand, JP Morgan is still accumulating silver (no matter at what price):
No comments:
Post a Comment