Chinese silver stocks have plunged to a decade-low, with warehouse inventories hitting their lowest levels since 2015. This significant decline is attributed to record exports and heightened physical demand, which have resulted in a tight supply situation. Consequently, the Shanghai silver market has entered backwardation, indicating strong demand amidst dwindling supplies, according to ING commodity experts Ewa Manthey and Warren Patterson.
The implications for trading in the silver market could reverberate across currency pairs as traders assess the impact of these inventory levels on prices. The tight supply scenario might influence exchange rates, particularly for commodities priced in USD, as market participants react to the shifting dynamics. Investors should closely monitor these developments to gauge potential price movements and adjust their trading strategies accordingly.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 09:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.