Silver Negotiated at $123 in China ($15) Prize and Safes Being Drained – The East Dictates the Price

[Igor Pereira]

If you want to know where the price goes tomorrow in New York, look where it closed today in Shanghai. Arbitration is impossible to ignore.

The closing data of Shanghai Gold Exchange (SGE) and Shanghai Futures Exchange (SHFE) Today, 26 January, they show a market in panic buying, with massive prizes in relation to the Western Spot price.

By Igor Pereira Financial Market Analyst

Analyzing how China is forcing a global reassessment of precious metals.

While we celebrate the $108 in New York, China is already paying a lot more.

• The Data: Silver (Ag T+D) closed in GER a $122.95/oz, an insane daily high of +11.51%. At SHFE, the future contract went up +12.78%.

• Arbitration: There's a gap of almost $15. between London/NY price and Shanghai price. This creates a vacuum that sucks all the physical metal from the West to the East. As long as this spread exists, the price in Dollar has That climb to close the breach.

The price is rising because the metal is disappearing.

• SGE Vaults: SGE silver stocks are down. - 105,600 kg (more than 105 tonnes) only in the week from 12 to 16 January.

• SHFE Vaults: Just today, more 7,280 kg They left the SHFE vaults.

• Reading: China is not speculating on paper; they are taking aggressive physical delivery to the solar industry and to strategic reserves. They're cleaning up the market.

It's not just gold and silver. Platinum and Palladium agreed with violence, confirming our thesis on "Reevaluation of Commodities".

• Platinum: He's up. +9.68% in a single day, closing the $3,327.97/oz China.

• Palladium: He's up. +7.17%, reaching $2,389.96/oz.

• The Meaning: This validates that we are in a cycle of widespread shortage of industrial/monetary metals. Capital is turning to forgotten real assets.

The West has lost control of the price. The "real" price of silver is $123, not $108.

My Vision: Silver in the West is a bargain.

1. Buy Lag: The Western market will open trying to pursue these Chinese prices. Any opening under $108 is an opportunity.

2. Eye in Platinum: With a rise of almost 10% in China, Platinum (XPT/USD) must have a monstrous high-gap at global opening. It's the catch-up trade at a time.

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