Silver: The Dislocation of Paper and Physical Markets
On Thursday in New York, gold opened at $5,630. The following day, it hit a low of $4,700, a difference of nearly $1,000 in just 24 hours. Meanwhile, in Shanghai, physical gold closed at $5,209. How can we explain such price discrepancies between different markets? And above all, how can we justi...
Cyrille Jubert - Feb 2, 2026
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