China’s Bumper Silver Exports Belie Market Fears of Curbs

China shipped around 5,100 tons of silver overseas last year, according to customs data, the highest volume of exports in at least 16 years and a level that suggests market fears of tightening controls may be overblown for now.

China has had a licensing regime in place for silver since 2019. However, a document issued in October by the Ministry of Commerce to extend that policy into this year and 2027 rattled investors, with some seeing it as a sign of new or increased restrictions.