As the US silver price has surged over $90 /oz., many have been calling for a pullback in silver’s price. Global physical demand for silver is telling us that a material price pullback is not coming at current prices. Market analyst Michael Lynch (@TheHappyHawaiian on Twitter/X) has posted the following chart of Indian (MCX Exchange - Mumbai), Shanghai and New York silver prices. The Indian MCX silver price (green line) is adjusted down by 6% to reflect the cost of import duties if silver is brought into India. What can be seen is that physical demand in India and China are rapidly forcing the silver price well above ... (full story)