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Inflows to the Chinese gold ETFs sustained for another month, totalling RMB5.6bn (US$772mn) inside February. Went on inflows and also the flooding silver rates forced the full AUM to some other month-prevent peak out of RMB101bn (US$14bn). Collective holdings flower after that from the 7.7t in order to 138t, along with accurate documentation higher (Graph 4). Silver distributions on the SGE totalled 120t within the March, upwards 30t m/m however, slightly down y/y. The brand new yards/yards rebound arrived as the jewellers and you may banks restocked after the Chinese New year holiday slowdown – a seasonal trend. Continued electricity inside money need for gold will also have given an improve.

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