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China’s Record Silver Imports Smash Seasonal Norms, Igniting Bullish Outlook
China’s silver imports hit a record high in March, well above the seasonal average amid the nation’s massive solar industry and retail demand. China, the world’s biggest consumer of silver, imported roughly 836 tons last month, continuing a strong run of inbound shipments this year, according to customs data. On the other hand, over the previous ten years, the March seasonal average has been roughly 306 tons. Retail investors are buying tiny silver bars in place of pricey gold, and solar manufacturers are front-loading production in preparation for the export tax rebates’ removal on April 1. Analyst ... (full story)