Central banks are virtually absent from the silver market in 2024-2025, with one historic exception: Russia has become the first nation to explicitly announce silver purchases for state reserves during the current precious metals bull market, allocating $535 million over three years. This groundbreaking move comes as central banks continue their gold buying spree—purchasing over 1,000 tonnes annually since 2022—while completely ignoring silver, creating a stark disparity that may signal an unprecedented investment opportunity. The timing is critical: silver faces its fifth consecutive year of supply deficits, with ... (full story)