A severe crisis of silver has emerged in the domestic market of China. The crisis is so severe that the price of silver there has become abnormally high compared to the international market (especially the US market). To put it simply, the situation is such that the price of silver in the Shanghai market has risen to $112 per ounce, whereas at the same time, the price of silver in the American market is nearly $9 lower.
This additional $9 is referred to as Premium. It means that those in China who want to buy physical silver are having to pay much more than international prices.
What does it mean? đĽ¸
- Silver supply in China has decreased, but
- Demand has suddenly increased significantly.
- As a result, people are willing to buy physical silver at any price.
đ This is a very important signal because đ
- Generally, the price of paper (Paper Silver / Futures) remains the same.
- But when real silver becomes hard to obtain, the physical price suddenly jumps.
- This is often a sign before a big movement.
In simple terms,
China is now craving silver, and this signals a major storm in the global silver market. đ
Buckle up. Once the market opens, silver could make a quick jump. Signs are pointing that way đĽ°
