There is some confusion in the investment community about silver prices in China, which are different from those quoted in London or New York. This is neither unusual nor unique. The current misunderstanding is preventing investors from fully grasping important developments in the Chinese market., CPM Group is providing a thorough explanation of the nature of silver prices in China, and their divergences from London prices.
Companies producing and selling silver in China typically use Chinese silver prices as benchmark. This is the same as in most other countries. Some large producers outside of China sell at the London daily price. Many others sell at ‘spot’ or forward prices set between them and the buyers, typically either smelters, refiners, or financial intermediaries such as bullion banks and trading companies.
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