China's #gold and #silver are skyrocketing:

Silver inventories in warehouses linked to the Shanghai Futures Exchange are down to 715, the lowest since July 2016.

Silver stockpiles have declined -86% since the 2020 pandemic peak.

Meanwhile, gold inventories in the Shanghai Gold Exchange are down -83% since the 2021 high, to 519 tonnes, the lowest since December 2015.

This has been mainly driven by massive gold and silver exports to London, where a supply shortage has forced inflows amid a squeeze that pushed precious metals prices materially higher.

In October alone, Chinese exports of gold jumped to 660 tonnes, the highest volume on record.

Gold and silver are marking history

$XAUT