Silver hasn’t dropped much in China.
In China, it’s trading around $120/oz, while in the US it’s around $84/oz.
Even if we factor in a 10–20% premium, prices are still trading at a significant premium. What could be the plausible reasons for this?
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It’s not though. SHFE closed before COMEX. Friday close was $120/oz. Only if it opens, we’ll see real price discovery.
Silver last traded on the Shanghai Exchange until around 11:30 PM IST. By that time, silver was already trading at approximately $85/oz.
For reference, I have also attached a screenshot showing the LTP of silver from the Shanghai Futures Exchange
If we have a look at the screenshot the price was at 25690RMB/kg when converted it comes somewhere in the range of 120$/oz
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This makes sense but for how long, will arbitragers not step in to cover the gap ?
i dont have an answer to that