Russia’s Potential Silver Reserves Purchase Marks Strategic Shift in Precious Metals

Russia may be making a historic move into silver reserves, according to Gold Telegraph. The country's 2025–2027 Federal Budget allocates $535 million for precious metals acquisitions—explicitly including silver alongside gold, platinum, and palladium. This WOULD mark the first disclosed central bank accumulation of silver during the current bull market.

Silver prices have surged 28% year-to-date, briefly exceeding $42/oz in September. The metal's rally coincides with structural supply deficits and rising industrial demand. Meanwhile, global Gold purchases by central banks are projected to hit 1,000 metric tons in 2025, continuing a four-year trend of record accumulation.

Poland, Turkey, and China lead gold buying, with Russia doubling shipments to China. The parallel precious metals demand underscores a broader shift toward tangible assets as geopolitical and monetary uncertainties persist.