Executive Summary Over the past several weeks, physical silver prices in China have traded at a persistent premium of approximately $8–$12 per ounce  over U.S. spot prices. This divergence is not arbitrary, speculative, or accidental. Historically, sustained regional premiums in physically settled markets  have preceded major upward repricing events  in Western paper-dominated markets. This paper explains: Why this divergence exists Why it matters now Which market typically a

With silver now trading above $90 per ounce , it’s natural for a new question to surface: what happens next?  More specifically, could silver retrace — and if it does, what would that actually mean? To understand this moment, it helps to step back from day-to-day price moves and think in terms of market regimes  rather than headlines. From Old Ranges to New Bands For decades, silver lived in a familiar world. Prices oscillated between roughly $30 and $50 , with $50 acting as

Just a short time ago, silver trading above $90 an ounce would have sounded extreme to most investors. Today, it’s simply the market doing what markets eventually do: reprice reality . This move didn’t come from hype or speculation. It came from fundamentals that were visible well in advance — and from the discipline to act before  they became obvious. Why Silver Is Rising Now Silver sits at the intersection of two powerful forces: money and industry . On one side, it has alw