Posted on 10/15/2025 7:18:00 AM PDT by delta7
China’s $128/oz Premium Sets Global Benchmark, Triggering a Worldwide Silver Supply Shock and Redefining Pricing Everywhere.
Raw silver is commanding $128 per ounce in China, the world’s largest physical silver marketplace—a price more than double prevailing global spot rates. In an interconnected world, silver always flows to the market that pays the most and treats it best. When benchmark prices surge so dramatically in one dominant region, those levels ripple outward, redefining what buyers everywhere must pay for the real metal.
As word spreads of China’s sky-high premiums, sellers and traders naturally align their offers to match, making $128 not just a local anomaly, but a practical new baseline. The days of regional price gaps are vanishing, replaced by a global standard set by those willing to pay.
Ultimately, silver goes where it is valued highest—and when one market leads, the rest follow. As news of China’s $128 per ounce silver price circulates, it quickly becomes the effective price for physical silver worldwide.
The silver shortage gripping global markets in late 2025 is not an abstract concept; it’s a rapidly unfolding crisis affecting wholesale, retail, and industrial supply chains in every major region. Silver is suddenly unavailable from trusted mints and dealers, cascading real-world consequences for manufacturers, investors, and everyday buyers. This systemic scarcity, driven by a confluence of supply chain breakdowns and surging demand—especially in Asia—has triggered new pricing benchmarks, stunned old-economy players, and left the world scrambling for solutions.
Perth Mint and India: Supply Vanishes
In Australia, the globally respected Perth Mint has halted all silver product sales, effectively erasing one of the planet’s most reliable sources of new supply. Not a single coin or bar now leaves their facility; the only response to inquiries is silence or “unavailable.” This sudden stop eradicates a crucial export pipeline, radiating downstream effects throughout Asia Pacific and beyond.
The situation in India is equally dramatic—retailers and dealers report not even “a sliver of silver available”. Amazon-based sellers are now defaulting on deliveries, advertising silver bars, accepting payment, and then failing to produce the metal. This breach of trust highlights the severity of the crunch: some dealers have run out of physical stock and cannot honor sales, leaving frustrated consumers without recourse. These abrupt defaults mark a transition from mere inconvenience to financial risk with reputational damage.
Physical Shortage Splits the Market
In London, physical silver shortage signals have become acute, sending lease rates spiraling to 39%—a panic level not seen in recent history. Banks unable to locate sufficient metal are forced to buy back futures contracts or deliver actual silver, moves that can spark explosive price surges overnight. The crisis has bifurcated the market: futures and paper contracts trade at one price, while the real metal commands far greater premiums, sometimes double the spot rate due to scarcity.
China Sets the New Global Price
Nowhere are these pressures more visible than China, the world’s largest physical silver marketplace. Silver sheets on top trading platforms like Rongtong Gold have disappeared, cutting off both bulk buyers and industrial demand. JD.com, the nation’s top e-commerce retailer, shows almost all merchants have delisted raw silver bars; only one remains, offering $108.25 per ounce for raw silver and $128.50 for small bars. These prices are more than 100% above official global spot, signaling not just local demand but a reset in global pricing logic.
Why does China’s price matter so much? Sellers always migrate to markets offering the highest returns and best conditions. With China consuming a vastly disproportionate share of global silver supplies, its domestic premiums exert gravitational pull—aligning international prices with Chinese benchmarks. If sellers can receive $108-$128 per ounce in China, the rest of the world quickly follows, making China’s retail prices the new “de facto” global standard for physical silver.
North America: Mints and Banks Run Dry
The supply pinch is intensifying in North America. The Royal Canadian Mint, revered for stability, reports zero inventory on its iconic 10-ounce and 100-ounce silver bars; buyers are met with “out of stock” notices or indefinite waitlists.
TD Bank, a giant in Canadian retail bullion, shows every single silver product marked “unavailable.” Even collectors seeking small, themed bars are left wanting. The tightness extends deep into the institutional segment—banks, mints, and retailers cannot replenish stock or assure customers of future deliveries.........
I do. I bought some when it was soaring into the $30s and 40s. Then it dropped back into the teens. It took a long time for silver to get back to those price levels. Finally, now I'm in the green.
$60+ for a silver eagle, ouch
“You can find it yourself all over the internet.”
Nope
IATG
IATS
IOW - you can try to buy all you want - but you might not get it. In the gnat's alternate world, he can fantasize all he wants.
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You forgot to put it in all caps, Gaytor.
Current prices in the U.S. is $53.05 which is a rise of USD $3.51 with the rise percentage of USD 7.09%.
A of dealers are not buying junk silver coins, sterling, etc, right Some won’t even buy .999 right now due to spot price being higher than the futures price. iow’s they can’t hedge to protect themselves. Refiners face the same problems who refine the metal into bars.
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The current spot price of silver is about USD 47.96 per troy ounce
$52.74
+0.83
+1.59%
Silver Price Performance USD
Change Amount %
Today +0.89 +1.71%
30 Days +9.34 +21.92%
6 Months +18.92 +57.33%
1 Year +20.17 +63.55%
5 Year +27.78 +115.13%
20 Years +44.10 +564.29%
silverprice.org - 11:13 NY Time
Well, good grief! And I wasted 10 minutes reading this BS...
Is there some new technology heavily dependent on silver?
Is that for real? Wow.
“A of dealers are not buying junk silver coins,”
Name one.
Doesn’t China want to shoot that Silver into space in a energy creating thing that will fall apart ? LOL
Many here have no idea about the worldwide Silver shortages and how the market operates. The Comex LBMA are paper contracts, futures, controlled by the West. They are in an historic Backwardation condition.
The Spot price is what coin dealers, retail, refiners use for all settlements. IN CHINA, the Silver pricing has disconnected due to huge shortages and unavailibity of Silver, thus their internal prices are going through the roof....which will effect the worldwide spot price....Panic.
Expect our Comex and LBMA reserves to be further drained....arbitrage....and continue to be drained dry and delivered to China ( as has been happening for years).....the West’s corrupted manipulation and corrupted pricing has been defeated.
I fully expect a few large US banks to get slaughtered with their $$$ Billions of shorts.
As the Hunt brothers tried to explain to all who would listen, the world at that time was consuming considerably more silver than it was producing, yet the price of silver on the futures markets was running well below the marginal cost of production. Ergo: one could anticipate that prices would rise, eventually. They invested accordingly, going long and announcing their intention to take delivery of physical silver, obviously for resale to industrial users.
This is simple arbitrage. It's what futures markets are designed to do, it is beneficial, and everything the Hunts were doing was perfectly legal and fully disclosed.
But if the Hunts were going long, every contract they purchased had an offsetting short seller. The proverbial lightbulb went off. The short sellers realized that the Hunts were right about the fundamentals, and the short sellers were going to have to ante up. This is where traders are supposed to put on their big boy pants and accept that playing the futures markets involves some element of risk. (Unless you are Hillary Clinton, of course, but that was really no risk because Hillary was/is the smartest woman who ever lived ....)
Instead, the short sellers looked for a political fix, and they got one. The Hunts -- evil Texas oil billionaires -- were easy to paint as nefarious operators. The Clintonistas and the Clintonista media were quick to buy in, and the Hunts were demonized and the short sellers were bailed out. I've never seen a forensic accounting of the bribes campaign contributions that were involved in that.
All in a days' work for those who favor political management of the economy.
Apmex is still selling 90% silver at $38+change/$face value.
So while it’s up a lot, it’s not up like this article is saying. Looks like it’s time for me to buy some more.
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