Global Silver Map: Market Facts Hidden from Sight

When you open your screen to see the silver price, you might think you’re viewing the full picture. But the true global market map is much more complex. What appears on screens is only a piece of the much larger puzzle.

Divergent Prices Across Global Markets

There is a wide and unusual gap between silver prices in different markets around the world:

• US COMEX Market: approximately $100 per ounce (paper price)
• Japanese Market: approximately $145 (actual price)
• Chinese Market: approximately $140 (actual price)
• UAE Market: approximately $165 (actual price)

These gaps are not just normal market fluctuations. They indicate a fundamental difference between paper prices and the actual prices of the physical metal. In natural and efficient markets, such discrepancies do not persist for long.

Why Didn’t Arbitrage Work as Expected?

In economic theory, these gaps should have disappeared through arbitrage — where traders buy from the cheaper market and sell in the more expensive one, automatically balancing prices. But this did not happen.

The persistence of these differences reveals an important truth: the paper market cannot allow prices to correct to their true levels. The clear reason — major banks hold large short positions on silver. If the price reverses to reflect the real metal’s value (between $130 and $150), losses would shift from theory to reality immediately. It would impact the banks’ balance sheets and financial heads.

Market Pressure and Tension Indicators

What is happening now resembles a delicate balancing act:

Physical warehouses are experiencing continuous withdrawals of real silver, while paper contracts are increasing in parallel. This means the true value is hidden beneath layers of promises and contracts. The system functions efficiently as long as trust exists.

But when actual inventories fall to critical levels, pressure on physical delivery will intensify. At that point, the paper price will become irrelevant. The gap between what is said and what actually happens will become obvious.

This rising market tension is not necessarily a sign of an imminent explosion, but it is certainly a warning sign worth paying attention to. The true global map of silver paints a picture entirely different from what you see on screens — and this is the part that should catch your attention.