New Delhi, Feb. 16 -- Silver inventories on the Shanghai Futures Exchange (SHFE) climbed above 350 tonnes after recently plunging to their lowest level in nearly a decade, according to the latest data.

Silver available for delivery on the SHFE rose to around 353.559 tonnes on February 13, up from 349.633 tonnes a day earlier, as per CEIC data. The exchange's silver inventories had fallen to 318.546 tonnes on February 9 - the lowest level since 2015.

Despite the recent uptick, SHFE stockpiles remain sharply below their historical peak. Silver inventories are down more than 88% from the record high of 3,091.112 tonnes recorded on January 12, 2021, underscoring the significant drawdown in China's exchange-held silver stocks over the past f...