Commodity Culture Major Central Bank Loads Up on Silver - 'This is a Heavy Hitter': Eric Yeung
Nov 21, 2025
Eric Yeung, known as KingKong9888, is a renowned commentator on precious metals and geopolitics. He reveals a major central bank has purchased over a billion ounces of silver, a move that could reshape the market. Eric discusses the potential for increased sovereign wealth in silver, its role as collateral in future monetary systems, and the significant strain on silver inventories. He also touches on the implications of US-China tensions, Japan's policy shifts, and Indonesia's nationalization of gold. Engaging and insightful, Eric provides a fresh perspective on the evolving landscape of precious metals.
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Central Bank Silver Accumulation
- A major unnamed central bank bought over a billion ounces of physical silver according to Eric Yeung's source.
- This signals sovereigns may add silver as collateral alongside gold in a future monetary system.
Silver As Collateral For BRICS
- BRICS members like India, China and Russia are reintroducing physical silver into banking and reserves.
- Silver may be used by resource-rich but gold-poor countries as collateral to expand reserve breadth.
LBMA Silver Free Float At Zero
- Eric Yeung and others report LBMA silver free float is effectively zero due to deliveries and spoken-for metal.
- Incoming shipments are immediately allocated to standing physical delivery demand, leaving no unencumbered inventory.