Comment by Ekaros
For those on wrong side of options contracts expiring? I would guess that this is paper silver being manipulated.
For those on wrong side of options contracts expiring? I would guess that this is paper silver being manipulated.
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?
Indeed. There’s a large delta between paper silver and Shanghai physical silver prices right now.