The pricing method between CN importers and foreign agents is based on the "basis point price". It specifies the closing price of a certain futures as the "point price", and + a "basis" = delivery price. The parties will take steps to push the price towards the expected direction

SHFE has 2 trading markets, one is SFE, which is contract trading, no VAT, and is connected to the international market. One is OTC, which is warehouse receipt trading, where VAT is paid upon delivery , to connect with domestic industrial users. OTC delivered 8849.85 t in 2023.

The direction of silver price fluctuations is determined by the interests of major players. Western agents are both buyers in the world market and sellers of contracts with CN. Sometimes it needs to rise, sometimes it needs to fall. Labor reports, CPI etc. are tools used.

Who hope for a price drop? Silver industrial users. Who hope for a price up? Investors. The game between these two groups determines the future price of silver. Due to silver deficit, investors will ultimately win. Industrial users can only transfer prices to end users.

☆☆☆New low! Silver vaults of SFE dropped below 700 T the first time since 2020. June 12, the market data on SGE/SFE is as follows.

After today's close, many people are discussing the outflow of OTC silver, and silver vault fell below 700 T. There is a little bit of panic spreading. As for silver vault of SGE, it hasn't been declared for customs. It can disappear just one night!

Look at the screenshot picture of a well-known western company's homepage in Chinese version, and use the camera function of the Google translation tool on your phone to check the English translation. You will be surprised ! Then read my article written at one year's ago again.

When low inventory went up, it was low demand. The current drop is high demand and low inventory, with a completely different nature. 2020 is a turning point for silver, marking the beginning of the explosion of industrial demand and the popularization of silver.

After the People's Bank of China pauses buying gold in May, the official account of Tiktok of CCTV said that it is increasingly difficult to find new gold deposits.

☆☆ Silver vaults new low! The vaults of SFE dropped to a new low and fell below 700 tons for the 2nd day since 2020. And today's data on SGE/SFE on June 13.

June 14, the market data on SGE/SFE.

June 14, OTC silver data is as follows. OTC is the physical trading system of SFE. Only industrial users and suppliers can register for trading. It is the middle link of the three-level trading system of SFE, connecting with the terminal end users and the futures.

The largest user of silver industry is Leqing Industrial Park in Zhejiang, with an annual demand of over 2000 T. The third level supplier Leqing Jinbang Co. is responsible for terminal supply, which has a standing silver vault serving over 600+ silver-user enterprises.

There is a big player in the 1st level trading system in SFE, Zhongcai. It always ranked No.1 in net long positions, and cleared in April. Yesterday, it bought a large number of silver, ranked 5th in total holdings. Zhongcai, Leqing Jinbang, and Xinhu Ruifeng are good friends!

Why did Zhongcai Futures suddenly return to silver again after being clearing? These big players are all engaged in physical supply, and Zhongcai must learn about the real situation of silver supply through Xinhu Ruifeng and Leqing Jinbang. Therefore...

The crisis of physical supply shortage is about to erupt! Zhongcai is No. 1 player and a strategic investor.

The data about physical silver consumption in China.

If someone offered you these gold bars (fully paid for) if you spend 14 hours straight in a pitch black room, would you do it?

Life in Prison is the only solution for the Covid Murderers.

Why would 🇳🇱 CB do this pseudo audit? To show it has #Gold in case it needs to revaluate its Gold Revaluation Account (GRA) Global CBs will follow this act to show what they have or risk losing credibility of their financial health 🇨🇦 no need to show, 0 oz 🇺🇸 unsure it has 8134 T