https://vblgoldfix.substack.com/p/silver-trades-80-china-takes-action?

if this is paywalled I’ll copy it..let me know…WOW VINCE LANCI THINKS THE LBMA AND SILVER MARKETS WORLD WIDE ARE EXPERIENCE A NUCLEAR EVENT !

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On Christmas Day, silver futures in Shanghai traded roughly eight dollars per ounce above Western reference prices. The premium widened relative to COMEX and persisted despite limited liquidity elsewhere.

Silver is Currently Trading $79/ounce in Shanghai Futures off its Highs

Such pricing is not incidental. Persistent domestic premiums reflect difficulty sourcing physical silver at prevailing global prices. They indicate demand outpacing availability within the local system.

China’s official explanation has focused on retail hoarding interfering with industrial demand. While that narrative is partially accurate, it does not explain the persistence of the dislocation. China has accumulated commodities strategically for decades. The distinguishing feature of the current episode is that private citizens are participating directly and taking delivery.

That matters in a market where physical buffers are thin.

Silver has been designated critical by the United States. Russia has increased accumulation. India has discouraged selling while encouraging the use of silver as collateral. The Middle East is preparing silver-linked tokenized instruments. Demand is rising across jurisdictions.