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Showing posts from December, 2025

The Silver Endgame

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  The Silver Endgame Contemplative Christmas Days While many European stock exchanges remain closed on December 26, a tsunami is rolling through Asia and the United States. Today alone, the silver price rose by 10%—after already gaining 130% since the beginning of the year. The trigger for this is China's surprising decision to severely restrict its silver exports starting January 1, 2026. This move is intended, among other things, to secure procurement volumes for the domestic chip and solar industries. According to estimates, China accounts for at least 60 to 70 percent of the world's annual silver production.  What is behind this? One of the world’s largest banks, JP Morgan, is said to have relocated its entire global precious metals team to Singapore by the end of 2025. However, there is no official confirmation from respected newspapers such as the Financial Times , Reuters , or Bloomberg . JP Morgan itself has also not released any official press stat...