shfe_silver

Guys, do you know that Asian whales are boosting silver $XAG is closing in the plus and setting their own rules!

While Western venues argue about macro data, Shanghai is systematically taking the initiative in pricing precious metals.

Silver futures on the SHFE closed up 0.97% at 14,410 CNY ($66.3/oz equivalent) COMEX..

The market structure curve remains in pure contango with a spread of 67.00 CNY/kg, confirming that Eastern buyers are willing to pay a premium for future deliveries.

A physical shortage is gradually being built into the quotes of major exchanges.

Vote in the comments: will silver hit new all-time highs thanks to Asian demand, or will we see a cool-off? #SilverFutures #SHFE_Silver