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Which central bank will report the largest increase in silver holdings by June 30, 2025?
3
Resolution / Starting Odds
Bank of Russia • 25%
People's Bank of China • 25%
Reserve Bank of India • 25%
European Central Bank • 25%
Official reports from central banks or major financial news outlets
Story
Russia to Boost Silver Reserves in Major Strategy Shift Amid G7 Sanctions
Oct 6, 2024, 12:53 PM
Russia is set to boost its silver reserves as part of a major shift in its precious metals strategy. This move, reported by Jpost, will see silver added to Russia's state reserves alongside gold, platinum, and palladium. The decision is seen as a counter-reaction to G7 sanctions and is expected to impact global markets as central banks reconsider the value of silver. Observers note that this strategy could increase Russia's wealth and profits, particularly through the Russia National Wealth Fund.
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