Silver Rises Over 120% YTD 
Poland’s central bank (NBP) now holds 509.3 tonnes of gold, surpassing the European Central Bank’s 506.5 tonnes, according to NBP governor Adam Glapiński. This represents a dramatic increase from just 14 tonnes in 1996 and 102 tonnes in 2016, with the pace of acquisition accelerating significantly after 2022. Gold now constitutes 22% of Poland’s total reserves, exceeding the bank’s 20% target. About 20% of this gold is stored in Poland, with the remainder in New York and London, though the bank plans to eventually distribute it equally across all three locations. Glapiński values the gold at €44.3 billion and notes it has appreciated by approximately €14.12 billion since purchase.
Articles
Gold vs. Silver: Roles, Risks, and Portfolio Strategy
Gold and silver portfolio allocation isn’t about predicting which metal will outperform. It’s about understanding their roles. Gold offers stability, liquidity, and long-term purchasing power protection. Silver brings industrial demand exposure and greater upside potential — along with more volatility. The right balance depends on your goals, risk tolerance, and how precious metals fit within your broader investment strategy.
March 2, 2026
