Silver undergoing steep contango of 6.6% in China.
I do not know who Fen Yen is – nor verify the data – those that have the necessary links could do so and update the comments section – Posted 4 hours ago
Current spot price for silver at the SGE: $83.92 (18.363 CNY/g).
Silver futures price at the SHFE: $89.48 (19,580 CNY/kg).
Note that the current price at the COMEX is $80.47.
Steep contango is due to large imports of silver so there is going to be a huge shortage at the LBMA and COMEX.
Note what has been happening recently with silver volatility East (stable) vs West.
https://metalcharts.org/shanghai
Resolution of price stability will not happen with Western ‘market makers’ IMO.
Thx for Shanghai info ….