Shanghai Silver Premium Surges Past $10/Oz Amid Supply Squeeze
The Shanghai Silver Premium has been a persistent phenomenon for over 9 months, with prices consistently trading $8-$12/oz above those in New York and London. Chris Marcus notes that this significant premium is not being adequately highlighted by analysts, and he attributes it to a major supply squeeze that could lead to silver prices returning to triple digits.
Marcus expresses surprise that more attention isn't being given to the Shanghai Silver Premium, which he believes is driven by a severe shortage in silver supplies. He warns that this situation could have far-reaching implications for the market.
The REAL WORLD IMPLICATIONS of the Shanghai Silver Premium are still unclear, but Marcus's comments suggest that it could be a sign of a larger issue with global silver supplies.