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China Silver Whale Is Stockpiling Silver At SHFE

|About: iShares Silver Trust ETF (SLV)

Since a month ago, China's SHFE warehouse at Zhongchu Wusong has seen a relentless increase in silver stock. We are getting new all time highs every week. This could be due to a lot of reasons that I don't know of: Chinese stockpiling, oversupply of silver, etc...

One thing that I do know is that this is historically correlated to the silver price. So I expect a huge rise in silver price to close this gap.

Data: http://www.shfe.com.cn/en/MarketData/dataview.html?paramid=weeklystock