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Correlation: Shanghai Silver Premium Vs. Silver Price

|Includes:iShares Silver Trust ETF (SLV)

There is a potential for a new correlation here. Shanghai Silver Premium Vs. Silver Price.

The premise is that when Shanghai silver premiums are high (against London Silver Prices), then we hit a bottom in the silver price.

Let's see if this correlation makes sense, I need more data points.

Chart 1: Silver Premium Shanghai Vs. London

Disclosure: I am long AGQ.

Stocks: SLV