Silver Rises Over 120% YTD 
China’s central bank (PBoC) has continued its gold buying streak for the sixth consecutive month, adding 70,000 ounces (just over 2 tons) to its reserves in April. However, this represents a declining trend in monthly purchases, down from nearly 3 tons in March, 5 tons in January and February, and over 10 tons in December. Since resuming gold purchases last November, the PBoC has acquired a total of 970,000 ounces (about 30 tons)—significantly less than previous buying sprees when it purchased similar amounts in a single month. Commerzbank analyst Carsten Fritsch suggests this reduced buying interest might be connected to rising gold prices or could indicate unreported purchases.
Articles
How COMEX Sets Gold Prices and Moves the Market
COMEX gold prices drive the global market, but most investors don’t fully understand how. This guide explains how gold futures trading on COMEX sets the daily price of gold, why most contracts never result in physical delivery, and how “paper gold” can influence short-term volatility—even when physical demand remains strong.
February 20, 2026
