Trump’s Second Term Ignites Silver Buying Frenzy Across Asia
Silver surges as political winds shift. The prospect of a second Trump administration is sending shockwaves through Asian commodity markets—and precious metals are catching the biggest bid.
The New Safe Haven
Forget boring old bonds. Investors from Tokyo to Singapore are piling into physical silver, viewing it as a tangible hedge against potential currency volatility and trade policy shocks. It's a classic flight to hard assets, turbocharged by political speculation.
Market Mechanics in Overdrive
Regional exchanges report soaring volumes. Vault operators are scrambling for storage space. The retail crowd, often sidelined, is now leading the charge—buying bars and coins at a pace not seen in years. It's a demand spike that's catching traditional allocators off guard.
A Speculative Edge
This isn't just about preservation. There's a sharp speculative angle at play. Traders are betting that Trump-era policies could simultaneously weaken fiat confidence and stoke industrial demand, creating a perfect storm for the white metal. Silver's dual role as both monetary and industrial commodity makes it a unique, volatile bet.
The finance jab? Wall Street analysts, who spent years dismissing metals as 'barbarous relics,' are now quietly adjusting their models to include 'political risk premiums.' Funny how that works.
Bottom line: When geopolitics heat up, markets reach for something real. Right now, across Asia, that something is silver.
Trump’s second term fuels a wave of silver buying across Asia
The price pressure started rising right after Donald TRUMP returned to the White House and launched attacks on the Federal Reserve.
Since early January, silver has jumped another 30%, after gaining nearly 150% in 2025. It started with Chinese buyers snapping up coins and bars, but now the hunger is spreading into India, Turkey, and the Middle East.
Firat Sekerci, a bullion dealer based in Dubai, said this is the wildest buying he’s seen. Firat said Turkish refiners have had no stock for days, and demand hasn’t slowed.
Because of that, banks have shifted their shipping priorities toward Turkey and nearby regions. This has led to fewer shipments reaching India, where demand is climbing again.
Right now, demand in India is even hotter than it was during the Diwali buying rush last October. Back then, people bought everything ahead of the festival, while tariffs kept metal stuck in the U.S., and that drained liquidity in London.
That squeeze pushed benchmark prices to levels not seen since the 1970s. But now, India is going through it again, with buyers grabbing smaller bars and coins, especially from MMTC-PAMP, the country’s biggest refiner. The company’s boss, Samit Guha, said interest hasn’t slowed.
Even Elon Musk got involved in December. He posted on X about new Chinese export rules, right as silver demand started blowing up outside China.
China shipped around 5,100 tons of silver in 2025. That’s the biggest number in over 16 years, based on customs data. So while people are panicking over possible export controls, the numbers suggest things haven’t tightened just yet.
But nerves are high. China has already tightened exports on other materials like antimony and rare earths, and no one’s ruling out that silver could be next.
This entire shortage was kicked off by a short squeeze back in October, when local supply problems spiraled out across the globe. It’s a reminder that in this market, if China runs dry, everyone feels it. And right now, Shanghai is sucking up every ounce it can find.
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