Shanghai Price $36.20 which is Real Physical. Paper Price in West $29.73. Arbitrage Record of 21.7%. Silver Vaults Are Being Drained. Buy The Dip
for each traded contract on Shanghai, metal has to be deposited on a 1 to 1 basis.
Remember: for each traded contract on Shanghai, metal has to be deposited on a 1 to 1 base.
Translated: watch the Silver vault numbers at Shanghai.
Once this gets too low, London promissory notes (thin air printed Silver future contracts) blow up. Current leverage is 400 to 1
LBMA vault is down 66% YTD to 300M oz Silver
Comex vault is down 46% YTD to 60M oz
Silver physical pricing revaluation is in full force.