Silver’s Rally Fueled by China Buying and Supply Tightness

Silver’s record-breaking rally is being supported by swelling physical demand combined with speculative interest in a relatively illiquid market, with signs that buyers in China are leading the drive.

Prices in Asia’s largest economy are trading at a premium to comparable rates in London, where global prices are set. At the same time, MKS PAMP SA — a leading Switzerland-based precious-metals refiner — has flagged that there’s global demand “in a way that we’ve really not seen before.”