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Inflows for the Chinese silver ETFs sustained for an extra month, totalling RMB5.6bn (US$772mn) inside February. Continued inflows as well as the surging gold rate pushed the total AUM to a different week-end level of RMB101bn (US$14bn). Collective holdings rose next by the 7.7t so you can 138t, in addition to accurate documentation large (Graph cuatro). Gold withdrawals from the SGE totalled 120t inside the March, up 30t meters/yards but slightly all the way down y/y. The newest m/m rebound arrived since the jewellers and you will banks restocked following Chinese New year holiday slowdown – a regular pattern. Went on energy inside financing need for gold will also have offered a boost.
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