The strong industrial demand is driving down the silver vaults every day. If the issue of replenishing vaults cannot be fixed quickly, it will inevitably trigger the crisis. All parties in the market should be prepared for this. CN companies are now preparing for the crisis.
Nov. 6, 2025, the market data on SGE/SHFE. The silver refining has been operating for 24 hrs while accelerating imports, but it cannot offset the outflow of silver. Today, SHFE experienced a net outflow of silver. It hit a new low, approaching the panic line of 500T.