Shanghai Silver Prices Hit Record $105 Per Ounce Amid Shortage
China’s silver market sees record highs, trading at a $13 per ounce premium over U.S. spot prices as supply constraints intensify.
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Terms & Concepts
- Spot Price: The current market price at which a commodity, such as silver, can be bought or sold for immediate delivery.
- Premium: The amount by which the price of a commodity in one market exceeds the price in another or its benchmark rate.
- Physical Silver Shortage: A market condition where demand for physical silver exceeds available supply, driving up local prices.