Question to stackers about silver commodity trading
🧐 Research Wanted 🤔
I have been checking Kitco (https://www.kitco.com/) daily to follow silver pricing. Lately I have also been checking COMEX (https://comexlive.org/) for the same reason. Every day I see that there is a significant difference between the two companies, with COMEX usually $7 to $8 higher than the Kitco chart.
Does anyone know why that is?
Bonus question: After silver hit the mid- to high-$80's a couple of weeks ago, why has the price dropped again?
Kitco and the Comex price you are following are selling paper contracts, not real physical metal at that price. If you go to the Kitco store to actually buy silver it is in closer alignment with the price of real physical metal. And some is only available in Canada, some in USA and much is not available or sold out. At this point it is futile to follow the paper contracts, you should see price shift upwards on Friday even for the paper contracts but the real tell will be how much the physical metal moves.