let the paper pushers play their game. Come on $60’s. The east will be more than happy to stack it up.

Policy Squeeze from Beijing and New Delhi

Compounding the physical squeeze, China — which controls an estimated 60% to 70% of global silver refining capacity — significantly tightened export rules at the start of 2026. India, another major importer, raised import duties on gold and silver to 15% and toughened licensing requirements. These moves restrict the free flow of metal, locking supply in Asia while leaving Western futures markets exposed to a paper-physical disconnect. Even as spot prices decline, the underlying scarcity remains acute.

https://www.ad-hoc-news.de/boerse/news/ueberblick/silver-s-77-facade-physical-markets-scream-scarcity-as-paper-prices/69424237#google_vignette