China just did something very strategic: they stopped selling silver.
Silver prices are soaring, up 150% YTD, not only because of speculation, but also because it's a necessity in solar panels, computers, cars, batteries, etc.
The price is determined by two primary exchanges: COMEX (in New York) and the Shanghai Futures Exchange (in China). COMEX silver is mostly paper silver where the price is set by options traders who rarely take delivery of the silver while the Shanghai silver prices is set by physical silver.
And now the physical prices are ~$5 above the paper prices.... which means that