Am I reading this right? Shanghai troy oz silver at >$100 / oz?
(goldsilver.ai)
Comments (14)
sorted by:
It includes a VAT tax i belive.
Ah, that might be the reason, thanks.
1 Troy ounce = 1.097 ounces
Uh, yes I know. This doesn't explain the price differential between USD and what COMEX, MONEX, or KITCO show for silver values.
Gold usually sit about 15 times the price of silver, so hopefully silver keeps running to catch up
Possibly, but I don't think silver will EVER be the same per-ounce price as gold, for a couple of reasons. One, silver is more plentiful than gold.... two, gold has historically been more desirable than silver... and three, silver can corrode but gold does not, it's a much more permanent metal. Gold from ancient Egypt is as shiny as it was when it was purified....but silver even a few decades old gathers a patina which will then oxidize and turn to corrosion.
https://goldsilver.ai/metal-prices/shanghai-silver-price
Shanghai Silver Price in Dollars 101.06
USD/OZ
Last Updated: Jan 16, 2026
The East is where all the tech companies and solar companies are located. China has been hording silver and America is quickly running out. Plus the banks have tons of short positions in silver and are actively trying to get rid of them, but they are stuck. So with no silver in the West available for manufacturing these tech companies are hoping/praying that China will open up their silver vaults and begin selling it. The Companies NEED silver to continue operation and they will take a short term loss procurring silver at a higher price than the alternative.....go bankrupt. The East is in control of the silver and they are going to make bank when the West's silver vaults run dry. America needs to open up new silver mines to help with this imbalance. That is why President Trump is going after Greenland......they have tons of silver laying under the ice. The West needs it and President Trump is gonna dig for it. Silver tards ride. Silver is going to $1000/oz by summer.
I think you are GENERALLY right on this, but it takes years to locate, open, and get a mine started producing. So that lag time could spell the end for some companies that are dependent on immediate silver deliveries.
Pebble mine in Alaska has proven reserves of all kinds of minerals. Gold and silver are the biggest. The company which owns Pebble has been thwarted from digging because of a ruling by the EPA. They say the tailings might hurt the salmon spawn.....two hundred miles away. Hmmm, go figure. But President Trump and the SCOTUS is fixing to eliminate the EPA, thus the Pebble mine can begin production. Let's GO!!!
u/#tothemoon
They're already selling silver Liberty coin at $100 --Silver.com
I'm seeing $95.10 at the moment. pn JM Bullion. Which is still more than respectable.
It is correct. Shanghai is quoting a price relative to physical ownership of the metal. The Spot price you see from COMEX is "paper trading" of silver....it is fake. When they want the price to go down, the banks in tandem sell paper...when they want it to go up they hold paper. If you try to buy a one ounce physical American Eagle from a bullion dealer, you are currently paying Comex spot price plus a $10-20 premium....the Shanghai price or the bullion dealer price on physical silver really gives you an idea of what silver is actually worth.