The price divergence in silver $XAG remains strong between the two halves of the world. The China market is pricing silver at a drastically higher rate than the rest of the world.
🔸The price premium in Shanghai has surged to over $30 per ounce. This is an "unbelievable" figure in the modern financial market.
🔸The gap is widening in an "absurd" way.
Shanghai $115-$123 per ounce.
Global $82-$87 per ounce.
🔸The difference of up to 40% shows that China's "thirst for silver" is hotter than ever.
While the West was still trading silver on paper, the East was accumulating physical gold at any price.
Will the international market have to accelerate to catch up with these prices, or will physical silver flow en masse to the East to fill the gap?
News is for reference, not investment advice. Please read carefully before making a decision.
