Posted on 02/02/2026 11:10:26 AM PST by delta7
I first cover the price of silver at the Shanghai Gold Exchange.
Then, I present a spreadsheet of 10 dealers I asked how much their 1 kg silver bars were selling for.
I also show 6 clips of me interacting with some of the vendors. Note that on the second clip, the first part was about indium ingots.
Massive premiums also reported in Dubai, India, and many commodity rich nations. Enjoy.!
Care to give some spoilers?
The price in China is ¥546.5. That is $76.51.
https://goldbroker.com/charts/silver-price/cny
>> These premiums over western spot validate this generational Bull market has just started.
How?
The Chinese and Indians have had a cultural affinity for silver which goes beyond that in the USA.
It might have something to do with the price differential.
I still laugh at your recent post where you referred to jd.com as the authority on silver prices.
You try to look big but you looked foolish when I posted that jd.com was just your typical online merchandise seller.
Clothes, flashlights, gloves ...
I didn’t watch this, but it is a huge stretch to say there is something from China’s in-country exchange and anywhere else, for pricing.
Chinese citizens really can’t go pick up metals in other countries. However, the price of tea in China should be always cheaper than here. That paradigm shouldn’t change, either.
Some things just “are.”
$$$$$$$$$$$$$$$$$$$$
FIFY
“How?”
There is no How. What there is is shill fake hype.
Delta7 used to post daily thread citing Armstrong’s articles.
He was finally banned from doing that. The deleted threads had the notation ‘Scammer’ attached.
Armstrong, the ex-con, is well known around the internet for his scamming activities.
I had a chuckle seeing his podcast on Friday AFTER the crash claiming he had predicted the crash.
https://youtu.be/KBruJpMubis?si=yre0Dv0s1c_n52VO
Armstrong wa
“Some things just “are.””
One thing I know is the OP is a lying shill for a scammer. Or possibly the ex-con scammer himself.
He won’t deny it.
“It might have something to do with the price differential.”
It might have something to do with shyster hype.
These same posters were screaming BUY BUY BUY right up until the crash.
AI:
“Silver prices in the world, particularly in China, often show higher premiums compared to the US due to strong physical demand and different market structures. In China, prices are closely tied to actual demand for physical silver, while US prices are influenced more by futures and paper trading, leading to a divergence in price.
Overview of Silver Price Premiums
Silver price premiums refer to the additional cost above the spot price that buyers pay for physical silver. These premiums can vary significantly across different regions due to factors like demand, supply, and market structure.
Comparison of Silver Prices
REGION PRICE PER OUNCE (APPROX.) PREMIUM FACTORS
United States $77.10 Driven by futures and paper trading; lower physical demand.
China $104 Strong physical demand; higher premiums due to industrial use and investment.
Factors Influencing Premiums
Demand Dynamics: In China, there is a strong demand for physical silver, particularly for industrial applications like solar panels and electronics. This demand drives prices higher.
Market Structure: U.S. prices are influenced more by futures contracts and speculative trading, which can lead to lower premiums compared to the physical market in China.
Logistical Barriers: Transportation and regulatory challenges limit the flow of silver between regions, allowing price discrepancies to persist.
Conclusion
Silver prices in China are currently higher than in the U.S. due to robust physical demand and market conditions that favor immediate availability of the metal. In contrast, U.S. prices are more influenced by speculative trading and futures markets, resulting in lower premiums.”
That said, this has caused Arbitrage. The US low paper prices have institutions , industry and traders buying at low prices in the US, then take delivery from the Crimex warehouses and sell it to China at profit....no problem right?
Big problem is China ( and India) are depleting the western exchanges. The most recent Crimex figures show the Crimex has gone from 550 million ounces + to less than 400 million ounces.....and we are not even in a delivery month.
As Trump has just now placed Silver on the US Critical Metals list, ( due to our shortages), he should stop Silver from leaving the US. This outflow started during senile Joes four year term and he did nothing to stop it. We need all we can get.
https://datatrack.trendforce.com/Chart/content/1545/comex-inventory-silver
For the Bitcoiners, their explanation. This article is a few days old, but explains the reasons...keep stacking physical, ditch the paper, we are in a four year Silver mining deficit.
https://www.livebitcoinnews.com/silver-trading-at-two-prices-heres-why-shanghai-is-40-higher/
“Silver Trading at Two Prices-Here’s Why Shanghai Is 40% Higher”
...Silver trades near $92 on COMEX but around $130 in Shanghai, showing a 40% price gap driven by paper futures trading versus physical demand....
-I hope nobody falls for this shyster hype.
The price in China is ¥546.5. That is $76.51.-
I think the price ($76.51) was in the US. The price in China has been over $100 for days.
Check these sites:
https://goldsilver.ai/metal-prices/shanghai-silver-price
https://metalcharts.org/shanghai
I think if you’ve been around this market for more than “this” run, you understand the US market is a paper market. Paper Markets are much easier to move.
If I have the silver in my hand, a lot of the silliness disappears.
If it were possible to buy silver here, ship it to China in bulk, and sell it there for some nutty premium....everyone would be doing it.
Us little people could become whales. LOL
“Still coins hidden in your basement?”
Mother’s basement.
You think?
LOL!
They don't price silver in ¥ in the US!
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