The Institutional Risk Analyst

China bought a record-breaking amount of silver in the first quarter (Q1) of 2026, driven by intense demand for solar manufacturing and retail investment. China imported approximately 1,536 to 1,626 tonnes of silver in the first quarter, confirming our view that silver is likely to continue to outperform gold significantly this year.

We took some of our profits in gold last month, but will be adding to our positions in silver and related miners not dependent upon acid leaching to produce metal. We'll leave the second and third-tier arbitrage trades to the big research houses. In addition, we'll also be updating the WGA Bank Top 100 this weekend.