China Follows II

Last Tuesday, the price of Comex silver fell $1.17 and the Shanghai price followed it down on Wednesday. Last Friday, the price of Comex silver fell by $1.93 and, in the first trading since last Thursday, China followed it down today. For now at least, I think we've settled the whole "price taker vs price maker" argument.

This doesn't mean that a physical market in China or elsewhere won't one day supplant NY/London. It also doesn't mean that NY/London can't eventually collapse due to delivery demands. But this most recent price action/reaction certainly suggests that China is,...

About the Author

tfmetalsreport [at] gmail [dot] com ()

33 Comments on China Follows II

Subscribe or login to read all comments.

Support TFMR

Donate Buy Silver

Access Subscriber Benefits

Listen to TFMR on the go in your favorite podcast app, and join our member-only forum discussions!

Key Economic Events Week of 6/10

6/12 8:30 ET CPI and Core CPI
6/12 2:00 ET FOMC Fedlines
6/12 2:30 ET Jerry's presser
6/13 8:30 ET PPI and Core PPI
6/14 8:00 ET Some Random Goon
6/14 10:00 ET Prelim UMich

Recent Comments

by Welder99, 50 min 28 sec ago
by Texas Sandman, 51 min 51 sec ago
by BillW, 1 hour 3 min ago
by Texas Sandman, 1 hour 15 min ago
by streber, 1 hour 22 min ago
by indiana rod, 1 hour 31 min ago