In the first two months of 2026, China’s silver imports surged to multi-year highs, pulling in over 790 tonnes and marking a sharp reversal from its role as a net exporter just a year earlier. The shift comes as domestic demand has tightened local supply, pushing prices above global benchmarks and drawing metal into the country. At the same time, Beijing’s move to require approval for silver exports has added a layer of uncertainty, reinforcing concerns about supply security. Together, these trends point to a more defensive and proactive stance by China toward silver, not just as a precious metal, but as a strategic ... (full story)