There has been significant pressure on gold to the downside due to turkey and others selling large qtys of gold at the same time, which has supported silvers fall..
Also bullish chinese metals drivers combined with deleveraging of paper gold. That means bullish chinese paper gold exists, and thus is a is downward pressure in the unwind.
If those investors are real gold investors or "anything paper" remains to be seen, but if its the former, physical buying may prevail in a way that means demand decouples from paper price in China further.
Hard to put an import restriction on paper assetts. Much easier to put import tarrifs on physical gold.
Also bullish chinese metals drivers combined with deleveraging of paper gold. That means bullish chinese paper gold exists, and thus is a is downward pressure in the unwind.
If those investors are real gold investors or "anything paper" remains to be seen, but if its the former, physical buying may prevail in a way that means demand decouples from paper price in China further.
Hard to put an import restriction on paper assetts. Much easier to put import tarrifs on physical gold.