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A Chinese physical #Silver distributor/retailers explains the tight physical #Silver market in China right now.

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Eric Yeung 👍🚀🌕

73,676 subscribers

11,893 Aufrufe • vor 7 Monaten •via X (Twitter)

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Another 2 metric tonnes of physical #Silver is withdrawn by a Chinese PMs bullion distributor from the Shanghai Gold Exchange (SGE) vault. So physical #Silver is flowing in China. This Chinese distributor is selling these #Silver SGE slabs at 15 kg (482 Troy ounces) each. They will probably sell out fast.

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News from China’s physical #Silver market today. 👇

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In China’s Shuibei retail gold and silver market, the physical silver recycling buy-back price (VAT exempt) is around $93 USD per troy ounce equivalent, plus a premium of about $10 to $20 USD per troy ounce. This results in an actual physical silver buy-back price in China’s Shuibei of around $103 to $113 USD per troy ounce (VAT exempt). #Gold #Silver 🔥
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