Chinese buyers are paying a major premium for physical silver

Physical silver demand in China remains exceptionally strong.
Silver is trading around $67 in Western markets, while Shanghai physical silver is priced near $75.
That represents roughly a 12% premium for Chinese buyers.
A persistent premium of this size points to tight local physical supply and strong demand rather than simply speculative activity in paper markets.
For $SILVER, China is becoming an increasingly important signal for the underlying physical market.