I asked again and got about the same.
Yeah premiums are to high already. With increasing shortages it probably could get worse. Provident sent me a message a few days ago on a special lol on Cull silver eagles at spot price of the first 10 eagles. I guess it was a one day thing.
Based on information available as of April 15, 2026, reports indicate that the Shanghai Futures Exchange (SHFE) has suspended trading in silver.
Here are the key details from the reported announcements:
- Suspension Notice: Reports cite an official SHFE notice (identified as 26047) stating that silver futures trading is suspended due to “abnormal market conditions” and to protect market participants from excessive volatility.
- Effective Date: The halt was reported to be effective as of Thursday morning, April 16, 2026 (based on reporting dated April 15, 2026).
- Targeted Measure: The suspension appears to be specifically targeting silver contracts.
- Context: The move follows extreme volatility, surging physical premiums over paper silver, and heavily depleted inventory levels on the exchange.
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Note: This follows prior restrictions in February 2026 where SHFE limited physical delivery for non-hedging participants due to low inventory. Investors should check the official Shanghai Futures Exchange website (shfe.com.cn) for the latest direct notices.
