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Shanghai Silver Price Still Over $100 /oz. As SLV ETF Is Raided For Physical Silver Bars

From jensendavid.substack.com

The Shanghai silver price maintains an increasing premium over Western silver prices at $101.06 /oz. on a very tight physical global silver market. India continues with a 17% silver price premium to London. The Asian silver vacuum is on. Today is an options expiry day for stocks on US exchanges and many silver mining stocks have seen very large increases over the past month with large banks having issued (shorted) these options into the market. I would expect to see heavy selling of silver in the paper metal market today in an attempt to minimize losses as many of the call options, that increase in value with rising ... (full story)

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  • Category: Fundamental Analysis