# Silver still trading at 120$ in China

**URL:** https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945
**Category:** Commodities
**Created:** [January 31, 2026, 3:55pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945 "2026-01-31T15:55:00Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![Walker](https://tradingqna.com/letter_avatar_proxy/v4/letter/w/d26b3c/32.png) [@Walker](https://tradingqna.com/u/Walker)
#### Post date: [January 31, 2026, 3:55pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945/1 "2026-01-31T15:55:00Z")

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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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### Author: ![BB789](https://tradingqna.com/user_avatar/tradingqna.com/bb789/32/91597_2.png) [@BB789](https://tradingqna.com/u/BB789)
#### Post date: [January 31, 2026, 3:59pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945/2 "2026-01-31T15:59:34Z")

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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.~~

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### Author: ![Walker](https://tradingqna.com/letter_avatar_proxy/v4/letter/w/d26b3c/32.png) [@Walker](https://tradingqna.com/u/Walker)
#### Post date: [January 31, 2026, 4:26pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945/3 "2026-01-31T16:26:16Z")

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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

 ![s](https://tradingqna.com/uploads/default/original/3X/1/e/1e8b2d516e9d0b0855272eba18f07a89aeb02dbb.jpeg)

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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### Author: ![livepositionaltrader](https://tradingqna.com/user_avatar/tradingqna.com/livepositionaltrader/32/84602_2.png) [@livepositionaltrader](https://tradingqna.com/u/livepositionaltrader)
#### Post date: [January 31, 2026, 4:48pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945/4 "2026-01-31T16:48:49Z")

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> **[Silver Trading at Two Prices-Here’s Why Shanghai Is 40% Higher](https://www.livebitcoinnews.com/silver-trading-at-two-prices-heres-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.

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### Author: ![Walker](https://tradingqna.com/letter_avatar_proxy/v4/letter/w/d26b3c/32.png) [@Walker](https://tradingqna.com/u/Walker)
#### Post date: [January 31, 2026, 6:04pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945/5 "2026-01-31T18:04:06Z")

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This makes sense but for how long, will arbitragers not step in to cover the gap ?

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### Author: ![livepositionaltrader](https://tradingqna.com/user_avatar/tradingqna.com/livepositionaltrader/32/84602_2.png) [@livepositionaltrader](https://tradingqna.com/u/livepositionaltrader)
#### Post date: [February 1, 2026, 4:51pm UTC](https://tradingqna.com/t/silver-still-trading-at-120-in-china/190945/6 "2026-02-01T16:51:57Z")

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i dont have an answer to that