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Shanghai Shenanigans

How can the silver spot price in Shanghai be higher than the global spot price? Such an imbalance tells you that something is wrong, yet the prices continue to fall in the West. This has to do with de-dollarization and as for ordinary investors, they are just being frightened out of the markets so that they will own nothing and be happy (lolz). Many of the small dealers are closing because they can’t hedge the price swings nor could the smelters keep up. Perhaps the strategy is to close all the small dealers leaving the Central Banks as the buyer and seller of last resort.