China Silver Price today: Trends, premiums and Market Insights
Explore the Shanghai silver price in dollars, understand price premiums compared to global markets, and discover the dynamics of silver trading in China and the West. Stay updated on market trends and investment opportunities.
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.