China is still buying instead of selling.
This article written back in January explains the difference in prices between China, Comex and the London exchange. China values it’s silver and gold more so and deals with the physical where the other two play the futures market, the paper trades and speculators. That’s where we get the wild swings and pump and dumps. So I guess looking at the Shanghai market we could probably get a better idea of actual physical demand vs paper traders and speculators of the other two.
Why Silver Prices In The U.S. And China Have Diverged So Sharply | Seeking Alpha https://share.google/SV1JGIqw7XxeLhtLR
