Shanghai Silver invoice directly jumped 12%, and the short sellers were completely wiped out. Let’s see if this wave can truly lift off.

The current spot silver prices are interesting. The US reports $80, Dubai $95, India $135. But when you get spot silver in Shenzhen Shuibei, it costs more than two yuan extra per gram — the increase is nearly 15% when converted. Such a price difference is no small matter, indicating that spot silver is tight everywhere.

With such tight supply, how can silver prices not rise? Moreover, the prices have already clearly differentiated, with more expensive places even selling at higher prices, which just shows that demand is still competing for the goods. Wealthy people are willing to pay high prices for spot silver, and the logic isn’t complicated. So there’s still a chance for silver to go higher.