【环球财经】土耳其1月白银进口量创单月最高纪录

Core Insights - Turkey's physical silver demand has surged significantly due to global market fluctuations and restrictions on gold imports [1][2] - In January 2026, Turkey's silver imports reached a record high of 273,357 kilograms, the highest monthly figure since records began in March 1999 [1][2] - The January import volume is nearly one-third of the total silver imports for the entire year of 2025, which was 860,443 kilograms [1][2] - The previous annual import record was set in 2023, with an import volume of 1.16 million kilograms [1][2] Local Factors - The increase in silver imports is attributed to local factors, particularly Turkey's strict import quota system for gold, which has redirected some precious metal investment demand towards silver [1][2] - Rising international gold prices have made silver, which is relatively cheaper, an attractive alternative for investors with limited purchasing power [1][2] Global Market Dynamics - There is a notable supply-demand imbalance in the global silver market, with physical delivery demand on the New York Commodity Exchange significantly increasing [1][2] - Market demand has reached several times the available inventory, while global mineral production is declining [1][2] - Industrial demand for silver from sectors such as photovoltaics and power electronics continues to grow, further widening the global supply gap [1][2]