Silver Rises Over 120% YTD 
Yantai, known as the “Hometown of Gold,” has been China’s top gold producer for 39 consecutive years, with its reserves accounting for one-quarter of China’s total. The city is home to 86 gold companies above a designated size, with major corporations like Shandong Gold Group and Shandong Zhaojin Group leading the industry. In 2013, Yantai’s gold output reached 146.5 tons, representing 36.3% of China’s total production. The gold sector has expanded beyond mining to include tourism, with attractions drawing 1.5 million visitors annually, and jewelry manufacturing, with Zhaoyuan county becoming a major base for gold processing with an annual capacity of 200 tons of gold and silver products.
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Gold Is Up 41% From a Year Ago. The Fed Can’t Stop It
Gold is trading at $4,648/oz — up 41% from a year ago, down 14% from January’s record. Both numbers are true. The one that matters is the 41%. It held through a war, three hawkish Fed holds, and the most fractured FOMC vote since 1992. Here’s why that gap between the record and today’s price is a floor, not a warning.
May 1, 2026
