A Look at China's Demand for Silver

Gold price retreated after surging to a new consecutive record high yesterday. Currently trading at 1430, the benchmark Comex contract remains firm and is around $10 below the record high of 1441. Following gold's coattail, silver also jumped to a fresh 31-year high yesterday before pulling back today. Renewed geopolitical tensions have increased safe-haven demand. Meanwhile, Fed's preference of staying accommodative despite heightened inflationary pressures has led more investors to precious metals.

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A Look at China's Demand for Silver