The Kobeissi Letter, a widely followed X account focused on global macro trends, just posted a pretty incredible set of data. China is having historic demand for both silver and gold. Silver imports surged 78% month‑on‑month to a record 836 tonnes in March. Gold imports rose to 162 tonnes, the highest since March 2024. The numbers are not just large – they are unprecedented. While Western markets focus on Bitcoin’s rally and Iran tensions, China is stockpiling precious metals at a pace never seen before. Chinese silver imports rose +78% month‑on‑month to a record roughly 836 tonnes in March. That is +173% above the ... (full story)