That is India and China both basically decoupled. Now we need Russia, Japan, and Brazil to decouple. Russia needs to setup its own silver exchange if they have not and then partner with Poland, Hungary, Slovakia, and Serbia (PHSS block). That would make a formidable block. Japan and Brazil may be effectively using Shanghai price at this point. US will be forcibly decoupled from rest of world when they put in minimum price due to "strategic mineral classification" (price floors expected in May for rare earths with silver to follow shortly after, imo).
It's 2/27....
Today is the first delivery date for March delivery...
AND.... They're WAY light on inventory...
It's gonna get nuts...
Plus, India just decoupled from the LBMA/Comex and I expect others to follow...
That is India and China both basically decoupled. Now we need Russia, Japan, and Brazil to decouple. Russia needs to setup its own silver exchange if they have not and then partner with Poland, Hungary, Slovakia, and Serbia (PHSS block). That would make a formidable block. Japan and Brazil may be effectively using Shanghai price at this point. US will be forcibly decoupled from rest of world when they put in minimum price due to "strategic mineral classification" (price floors expected in May for rare earths with silver to follow shortly after, imo).
Not sure I love that direction...
BUT... I AM fond of anything that takes control away from the non-contributing zeros that produce NOTHING in City of London...
So, yanno...