"Significant meaning"! Russia may include silver in its Central Bank reserves for the first time, which could lead to a historical turning point in the precious metals market.

According to the latest report from the Golden Telegraph, Russia is “highly likely” purchasing silver as part of its Central Bank reserves, marking the first time a global Central Bank has been revealed to actively increase its silver holdings. Analysts believe this is not only a milestone event for the precious metals market but could also trigger a significant shift in global reserve strategies, providing a strong push for silver prices.

Russia plans to increase precious metals from 2025 to 2027

According to the budget of the Russian Federation, the country has allocated 535 million dollars for the purchase of precious metals including silver, gold, platinum, and palladium.

This is the first time that the Central Bank has publicly included silver in the national reserve plan during the current precious metals bull market. If the purchasing action is implemented, the price of silver may be pushed to a new high in 14 years.

Currently, silver has broken through 42 dollars per ounce in September, with an annual increase of nearly 28%. The market generally believes that Russia's entry will further exacerbate supply tensions, driving prices to continue rising.

Strategic Significance: Supply Tightness and Industrial Demand Concurrently

Silver is not only an investment commodity but also an important raw material in industrial fields such as solar cells and electronic products. Against the backdrop of limited global supply and rising demand, Russia's purchasing behavior highlights the strategic value of silver.

Analysis indicates that this move will usher in a new era of diversified reserves for the Central Bank, and silver may move from being the “supporting role” to the forefront of global reserve assets.

Gold market heats up simultaneously

The strength of silver resonates with the historic market trends of gold.

In 2025, global Central Bank gold purchases are expected to reach 1,000 tons, maintaining a high level for the fourth consecutive year.

Poland, Turkey, China and other countries are the main buyers, and Russia's gold exports to China have doubled.

On September 9, 2025, the gold price reached a historical high of $3,667 per ounce.

The gold-silver ratio once exceeded 100:1, but now, as silver strengthens, the ratio is receding, indicating that silver is gradually narrowing the value gap with gold.

Vote of No Confidence in Fiat Currency

The Central Bank's actions to increase holdings of precious metals are seen as a “vote of no confidence” against fiat currencies such as the US dollar.

Shifting reserves to hard assets signifies that the demand for hedging against inflation and currency devaluation is on the rise.

Compared to digital assets like Bitcoin, this is both an opportunity and a challenge: on one hand, it highlights the appeal of hard assets, while on the other hand, it also means that the government is simultaneously using both physical and digital assets for hedging.

Conclusion

If Russia indeed begins to purchase silver on a large scale, it will become a watershed event in the global precious metals market. Historical experience shows that when Central Banks enter a relatively niche asset market, the supply-demand balance will be quickly disrupted, and price volatility will be amplified accordingly. For investors, this is not only an opportunity window for silver, but it could also be a key moment to reassess asset allocation.