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China increases physical silver purchases following market decline, Alasdair Macleod notes

China increases physical silver purchases following market decline, Alasdair Macleod notes
China boosts buying after silver drop

China has moved aggressively to purchase physical silver following a downturn in the silver market. According to Alasdair Macleod, China ramped up acquisitions after the recent drop in silver prices. Details regarding the scale or value of these purchases were not provided in the tweet.

Macleod has previously commented on gold movements in national reserves. He cited a UBS report confirming new gold dealings involving Turkey. In another report, he described gold as money without counterparty risk as fiat currencies weaken. These reports add context to his recent statements on China's physical silver purchases.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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