The Chinese Start Buying Silver: BofA Says “Momentum Breaks Out To Highest In Years”

Tuesday, April 19, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/19/2016

Spiking demand for silver has pushed it to fresh 10 month highs above $17/ounce. One reason suggested for the buying came from Reuters, which said “that there is heavy buying in silver in Shanghai, and that has triggered buying in gold as well,” said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. This may just be the beginning as technicians are finally starting to pay attention.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter