Even though the West is not interested in gold and silver (look at the low gold/silver premiums), China is buying like there is no tomorrow.
The evidence for this can be found in the SGE numbers. The latest month December 2018, SGE withdrawals were 44.5 tonnes per week, which is historically pretty high.
Also the silver and gold premiums in Shanghai are very high. Notice that the gold price is the same as in 2017, but the premium is much higher now. So that could mean gold is breaking out, because of Chinese buying.
India is also importing a lot of silver.
The evidence for this can be found in the SGE numbers. The latest month December 2018, SGE withdrawals were 44.5 tonnes per week, which is historically pretty high.
Also the silver and gold premiums in Shanghai are very high. Notice that the gold price is the same as in 2017, but the premium is much higher now. So that could mean gold is breaking out, because of Chinese buying.
India is also importing a lot of silver.
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