Comment by empiricus
This looks like an IQ test, but for who?
This looks like an IQ test, but for who?
Indeed. There’s a large delta between paper silver and Shanghai physical silver prices right now.
China only has one silver fund (SLV equivalent), and it stopped creating new shares. So the existing shares trade at a large premium to the value of the underlying metal. Is that the "Shanghai physical" price you're talking about?
For those on wrong side of options contracts expiring? I would guess that this is paper silver being manipulated.