Shanghai Silver Prices Surge to $112 Per Ounce Amid Historic Shortage

The assessment is "likely_true" based on a confluence of consistent, albeit non-primary, evidence. The most direct piece of evidence is a social media post on Threads that explicitly reports the claim and includes a chart showing a price of $111.60, which is functionally equivalent to the stated "$112 per ounce." While this source has very low authority on its own, its claim is strongly supported by contextual evidence from other sources. A LinkedIn post, for instance, discusses a significant price premium for silver on the Shanghai exchange compared to the COMEX, which provides a plausible economic reason for such an unusually high price. Other sources confirm the Shanghai Gold Exchange is a major, legitimate market for precious metals. There is no conflicting evidence among the provided sources. The consistency across multiple pieces of information—a direct (though low-authority) claim, a plausible mechanism (the premium), and the legitimacy of the trading venue—creates a coherent and compelling case for the statement's truthfulness, despite the absence of a definitive primary source.