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Not a bad thing, their SGE doe not allow hideous paper contracts, purely physical.
For the doubting Thomas’s, one check on the Chinese internal Silver trading prices show $80 plus Silver bids.
“Chinese SHFE Silver at $80.COMEX at $71.87. Spread: $8.13 - Never seen in history.”
https://substack.com/home/post/p-182592773
Hi Ho Silver! President Trump had also better get busy on his promised Gold reserves audit....
March 2026 Silver Futures are now 75.485 +3.80 (+5.30%)
Normally, the Thanksgiving to New Years trading volumes are dull. Not the case this year.
What China appears to be trying to do recalls the Hunt Brothers back in the 1970s.
The silver academy promotes silver, obviously.
Is China still planning to send tons of Silver to space so it can burn up or are they planning on putting Weapons in space ?
Short term trouble
Silver is not Gold.
The action is in the Industrial use, not store of value.
What happens when industrial materials get expensive? Substitution and replacement, and tech steps up.
“But only silver can do that!”
Tell that to the world’s best Buggy Whip maker as you watch the Model T roll by.
Out of curiosity I looked it up. Here are the world’s top silver producers as of 2024.
1. Mexico
2. China
3. Peru
The United States is at #8.
https://worldpopulationreview.com/country-rankings/silver-production-by-country
And now a concern. The Silver Academy has a link where you can buy silver. So their neutrality on this issue is certainly questionable.
As silver soars in the past 5 months, little has been reported about what the silver miners are doing.
Are the miners increasing their inventory?
Or are they busy selling?
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Material ρ (Ω•m) at 20 °C Resistivity
Silver 1.59×10−8
Copper 1.68×10−8
Aluminum 2.82×10−8
https://www.thoughtco.com/table-of-electrical-resistivity-conductivity-608499
Silver is also used in the solder that I have.
People have been waiting years for this stuff to happen. I never thought I would see a day when silver moved $4 in a day.
I am glad I stacked.
China is prepping for its moment in the sun - a large scale attack reminiscent of Japan’s WW2 efforts. It expects a US blockade and a seizure of its worldwide assets, as has occurred in other wars. Any commodities it takes into its possession can’t be seized, so it is converting its foreign-held reserves into these assets. It’s not just a store of value but also a strategic reserve to minimize the need to pay a smugglers premium for imported commodities once the war has begun.
At that price I wonder if Poland opens up their vast, proven reserves? Sure, it would be quite a few years away from actual production, but at ~$250 an ounce, definitely worth it.
I just sold my gold and paid Cash for another house, if Silver goes to $250 I have more than enough to buy another house all cash!!!!
Spot was $76.10 a few minutes ago. Mr.GG2 and I are going to have a very Happy New Year. 😊
Hopefully this is not a leading indicator of inflation.
Not feeling so bad about my $14 silver purchased during the Hunt brothers run in 1980....
Newly question, if you all will indulge me.
Suppose the banking system were to crash and we need to exchange out silver for something spendable. Do we wait for the U.S. currency to kick in rather than Fed Notes? My husband wants me to find all this out before we buy much more.
Thanks in advance.
If history is any guide, you’re gonna see ten or more million Chinese stranded with their $75 silver as it drops back to $60. The behavior of the metals now is truly manic. Classic “last suckers jump in” price action. And maybe I’m wrong and it powers up to $100. The human brain concocts intense and sometimes unshakable delusions under these conditions.