5 PM ALERT: Shanghai Explodes — Silver Hits $102 With $10 Premium While the West Freezes at $87

Описание: At 5 PM Eastern today, while most people were stuck in traffic, Shanghai opened after a 9-day Lunar New Year silence — and immediately told the world something the Western financial media will not say out loud.
Physical silver in China is worth $102. Western paper is printing $87. That $10-plus premium is not a rounding error. It is not a temporary arbitrage gap. It is the largest physical exchange on Earth telling you, with real money, that the paper price of silver is a fiction — and the fiction is breaking down in real time.
This is not a prediction. This is not a forecast. This is market data, happening right now, that connects directly to three of the most important structural events in the silver market's modern history colliding in the same 72-hour window.
Here is what this video breaks down completely.
Shanghai's SHFE reopened from its 9-day Lunar New Year holiday and immediately printed a $10-plus premium above COMEX spot. That premium does not exist because of sentiment. It exists because China's physically-delivered exchange cannot lie about what real metal costs when you actually have to take possession of it.
China activated a silver export licensing regime on January 1st, 2026 — exactly 55 days ago — that reduced the number of companies legally permitted to export refined silver from hundreds down to exactly 44 state-approved enterprises. This is the rare earth playbook applied to silver. Not a quota. Not a tariff. A whitelist. And 95% of companies that previously participated in global silver export flows are not on it.
SHFE silver inventories came back from holiday at their lowest level in a decade — 318.54 metric tons — against a reported naked short position of 450 metric tons held by a single trader. A position that mathematically exceeds the exchange's entire available inventory. This is not a fringe claim. It is arithmetic applied to public exchange data.