3 Markets. 3 Prices. Here's Why.

Why does silver trade at different prices on COMEX, London, and Shanghai—sometimes on the same day? In this video, we break down how silver is priced across the three major precious metals markets and why the Shanghai market often trades at a premium compared to COMEX and London. We’ll explain the key differences between paper silver vs physical silver, how futures markets like COMEX work, the role of London as a global physical hub, and why Shanghai reflects real-world demand for physical silver. If you stack silver or follow the silver market closely, understanding these price differences is critical. Spot price doesn’t always tell the full story—and this video explains why. Topics covered: COMEX silver futures vs physical delivery The role of the London Bullion Market (LBMA) Why Shanghai silver prices can trade higher Paper silver vs physical silver demand What global silver premiums really mean This is an educational deep dive for silver stackers, investors, and anyone trying to understand how the silver market really works. Join this channel to get access to perks: https://www.youtube.com/channel/UCM2NWdQ6pcjE9Nz2-rHn3bw/join THANKS FOR WATCHING!! Giving praise and all the glory to God for the opportunity to be able to search coins, purchase precious metals, make videos etc. It’s such a blessing from Him to be able to do this! --- Need Silver, Gold or other items? --- www.metalstacks.com/ThompsonCoinStamp - ✉️ The Mails ✉️ thompsoncoinandstamp@icloud.com Thompson Coin & Stamp PO Box 291 Mcloud, OK 74851 *Amazon Affiliate. Commissions off Amazon and Printify. 2026 Redbook Guide to US Coins https://amzn.to/4j5Brht The Cherrypickers Guide https://amzn.to/46LuxqF Great Microscope https://amzn.to/3Rx7ag2 🚀 Rumble Referral — https://referral.rumble.com/AQfw #silver #silverstacking #philately #silverstackingcommunity #silvercoin #coinsforkids #coinstar #coinstarmachine #coinskid #silverround #coinrollhunting #goldinvesting #wealthpreservation #jeffersonnickel #halfdollarhunt #rooseveltdime #wheatbackpenny #pennyhunt #owb #pennyrollhunt #halfdollarroll #constitutionalsilver #mercurydime #barberdime #morgandollar #junksilver #preciousmetals #washingtonquarter #goldprices #westpointquarter #westpointmintmark #economiccrisis #goldbullion #goldmarket #goldcoins #quarterhunting #silverprice #hedgeagainstinflation #goldownership #goldstorage #goldportfolio #goldstacking #goldcoin #goldbuffalo #goldeagle #americangoldeagle #goldmapleleaf #canadianmapleleaf #fyp #shorts #moneytok #money