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Shanghai Silver Premium Keeps Rising

|Includes:iShares Silver Trust ETF (SLV)

There is a lot of hope that Asia, when it opened this week after the lunar holiday, would normalize the precious metals market. And indeed, my chart tells me the demand is there.

Premiums on silver between Shanghai and London keep rising (Chart 1).

So, stay tuned for tomorrow!

Chart 1: Silver Premium Shanghai / London

Disclosure: I am long AGQ.

Stocks: SLV