China imported over 790 tons of silver during the first two months of 2026. This volume marks an eight-year high for the period. February intake reached the highest level ever recorded for that month. Both industrial and investment demand fueled the increase in overseas purchases. Local silver prices in China have risen significantly above global benchmarks.
Silver prices climbed on Friday to secure a third consecutive weekly gain. A weaker U.S. dollar supported the upward price action. Investors are currently focusing on diplomatic talks between the U.S. and Iran. These negotiations increased expectations for Federal Reserve interest rate cuts. Anticipated rate cuts boosted the appeal of non-yielding assets like silver.