US Edition[Opinion] Russia’s central bank may be boosting silver prices through undeclared purchases
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Is Undisclosed Russian Silver Buying Driving the Price Higher? | Headline USA
(Mike Maharrey, Money Metals News Service) Are undeclared silver purchases by the Russian government boosting the price of silver? There is some anecdotal evidence that they are. Silver is up nearly 28 percent this year. It briefly traded above $39 an ounce earlier this week. Silver has been set up for a rally for quite a while. While it was up 20.5 percent in 2024, most people felt silver underperformed, as it remained well below its all-time h…
Silver comes out of the shadow of gold thanks to the arrival of a new major buyer, the Russian central bank, which is beginning to influence the price of silver,
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