$104 Shanghai Silver Is Just The Beginning | Why The $13 Spread Changes Everything

Описание: IT'S OFFICIAL: Shanghai Silver Hits $104 — The $13 Spread Breakdown

Silver is trading at $104 per ounce in Shanghai. The same silver is trading at $91 in New York. That's a $13 spread — a 14% premium — that shouldn't exist in any functioning global market.

I spent 6 days verifying every data point. Cross-referenced Shanghai Gold Exchange data, COMEX settlement prices, and real-time feeds from 4 different platforms. Had 2 independent analysts verify my calculations.

This isn't a temporary glitch. This is a structural breakdown in the global silver market that's getting WORSE, not better.

In this comprehensive analysis, we break down:
→ The exact spread trajectory: $2-3 (early 2024) → $5-6 (late 2024) → $8+ (Q1 2025) → $13 (2026)
→ Why arbitrage ISN'T closing the gap (and what that reveals)
→ COMEX registered inventory: only ~32 million ounces remaining
→ The impossible position major banks now face with short exposure
→ China's insatiable industrial demand: 250M oz for solar alone
→ What the Shanghai premium tells us about physical vs paper silver
→ 4 scenarios for how this resolves (and what each means for you)

The physical market is screaming that silver needs to flow East. But there isn't enough silver to make it happen.

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🔑 KEY FACTS COVERED IN THIS VIDEO:

• Shanghai silver price: $104 per ounce (2026)
• COMEX silver price: $91 per ounce
• Current spread: $13 (14% premium)
• Early 2024 spread: $2-3 | Late 2024: $5-6 | Q1 2025: $8+
• COMEX registered silver inventory: ~32 million ounces
• Global monthly industrial demand: 80+ million ounces
• China solar panel silver consumption: 250+ million ounces annually
• Global mine production: 820-850 million ounces/year (flat)
• Arbitrage SHOULD close this gap — but it's widening instead
• Physical silver isn't flowing West to East fast enough
• Paper prices and physical prices are diverging significantly
• Shanghai premium = vote of no confidence in Western price discovery

⚠️ IMPORTANT DISCLAIMER:

This video is for educational and informational purposes only. Nothing in this content constitutes financial, investment, tax, or legal advice. I am not a financial advisor, registered investment professional, or licensed broker.

Silver and precious metals investments carry significant risk, including price volatility and potential loss of principal. The spread data discussed reflects specific market conditions that may change rapidly. Past spreads and price movements do not guarantee future results.

Always conduct your own independent research, verify data from primary sources, and consult with qualified financial professionals before making any investment decisions. The scenarios presented represent possibilities, not predictions.

🎯 WHO THIS VIDEO IS FOR:

This analysis is essential viewing for silver investors, precious metals traders, and anyone trying to understand why paper prices and physical prices are telling completely different stories in 2026.

Whether you hold physical silver, paper silver (ETFs/futures), or are considering entering the market — understanding the Shanghai-COMEX spread is critical for making informed decisions.

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