PRATA IN XANGAI DISPARE: DIFFERENCE WITH COMEX SIGNALITY STRESS OF STOCK AND POSSIBLE REPRECIFICATION OF HIGH IN THE OCCIDENT

[Igor Pereira]

Institutional investors and commodity traders are looking at a critical technical and fundamentalist phenomenon: Silver Prize at Shanghai Gold Exchange (SGE) is expanding significantly in relation to the price practiced in the COMEX (West), with a difference of $1.56/oz

Exclusive Analysis by Igor Pereira – Financial Market Analyst and Junior Member WallStreet NYSE

Historically, when this divergence appears and widens, it is not just a market noise; it is a precursor signal

of tectonic movements in the structure of metal supply and demand.

Simply put, the physical market in Asia (leaded by China) is willing to pay much more for real Silver than the futures market in the West (USA/London) is pricing.

It's essentially the physical market screaming:

"The price of futures is wrong."

When the prize in Shanghai goes off, the natural flow of smart capital (Smart Money) is the Physical arbitration: buy metal "quick" in the West safes and send it to the East. This movement has direct and predictable consequences:

• Massive Physical Delivery: We observed a substantial increase in physical metal withdrawals from Western coffers (LBMA and COMEX) to meet Asian demand.

• Inventory Stress: With the drainage of stocks, LBMA and COMEX begin to face supply pressure, which historically forces a price reaction.

• High Refunding: Eventually, to stop physical metal output and rebalance the global market, the price in the West is forced to rise, aligning with the reality of physical demand.

Gold investors (XAU/USD) have seen this film. The same high prize sign in Shanghai appeared repeatedly before the sharp high movements that led yellow metal to renew its historical maxims.

Now it's Silver time. Often called "the gold of the poor" or "leaded gold", Silver has an industrial dynamic that can exacerbate even more this physical supply grip (short squeeze).

To the traders of ExpertFX School, the reading is clear:

• Institutional bias: The fundamentalist pressure points up. The paper market (future) cannot ignore the reality of the physical market indefinitely.

• Attention to Volatility: As Western stocks decline, volatility tends to increase. Corrective movements can be purchase opportunities for strategic positioning.

• Confirmation: Monitor Comex's stock data. A continuous fall will confirm that arbitration is active and that "reprecification" is a matter of time.

---

The physical market is sending out a clear signal that Silver is undervalued in the West. If history serves as a guide, we are facing a potential scenario of significant price adjustment. Stay tuned for technical levels and news stream.

Igor Pereira Financial analyst Junior WallStreet NYSE ExpertFX School - Forming the Market Elite since 2017