A Suggestion to fix the the pricing disparity on the website.

    Have you ever considered switching to the Shanghai Exchange for the Silver Prices, instead of using the London Spot prices? The reason for this is that the two systems are bifurcated now.
Shanghai Gold Exchange's Silver price is for delivery of actual metal, while the London Spot is set by Paper Contracts. And Shanghai has been selling Silver for a whopping $12 or $16 premium over London Spot for 5 or 6 weeks now (might be longer).
 
This is due to a shortage of Silver globally. You see, the industrial users have been using so much Silver that they've caused a deficit of metal available above ground for each of 5 full years now. They've been using much more Silver than comes out of the ground every year for half a decade! So where has the metal come from that they've been using? 
 
From the vaults in London and New York. The Exchanges have been loosing inventory for years because of industry's need for the metal. 
Then, add to that the fact that both China and Mexico (the two biggest producers of Silver in the world) have Halted All Silver Exports to the US, and we have a supply problem! 
 
Industry needs Silver to build Electric Vehicles, and Solar Panels, and 5G, and Medical Equipment, AI Infrastructure, along with everything else that uses High Tech Electronics. 
 
Not to mention the Military, which needs Silver to build Missiles, and Radar, and Communications Equipment, and Targeting Systems, and Jets along with all the other High Tech Electronics they use, as well as anything going into Space too! 
 
That's why arbitrage is no longer happening, and why the price gap between the Shanghai Exchange and London Spot is so wide, and not closing in a day. It's not weakening at all. 
 
There's simply no Silver available to buy anywhere at London Spot prices, and ship to China to sell for a tidy profit. If there was, someone would have done it already, like they used to do all the time. 
 
Things have really changed. Gold and Silver have been breaking new ground for a several months now. Shanghai Silver is currently selling for $131/ozt. While London Spot is still claiming Silver's price is at $113 to protect the Banks. That's an $18 premium over London Spot! Ridiculous!
 
It's no wonder that the two systems have become bifurcated. They are permanently out of sync, because they are pricing two completely different things. London has the Banking world to save due to them being so invested in shorting the market, since they were able to control the price of Silver so easily for so many years. When the price would start rising, they would simply flood the market with Paper Contracts to drive the price back down. 
 
But Shanghai has no such problem. So they work with the actual price people are willing to pay for actual metal delivered to their hands. 
 
My point is that London Spot is not working to find the value of Silver any longer. It never has, really. We should be using the Shanghai Gold Exchange to get the true price of Silver today. That's what we use your excellent website for, to help us decide what our Silver is worth, what we should expect to be able to sell it for, and whether the sale will be worth doing, or not. Would you please consider switching your source of Silver prices to the real thing instead of the manipulated London Spot price? 
 
Thank you for your time, and for the excellent website you created for all of us to use to better ourselves, and our understanding of precious metals. Well done. Very useful, while the numbers mattered. Too bad they don't any more, though.
 

Posted by Gregory on 9:07 AM January 28, 2026