Not getting much attention, but starting today Wednesday April 1st, India’s bigger players will start to step away from relying fully on LBMA pricing for silver ETFs and start using their own pricing instead.
LBMA has been the go-to benchmark for a long time, so seeing a major market move even slightly away from it is worth noting.
Nothing dramatic yet, but it does feel like the way pricing is handled globally is starting to shift.
#Silver
https://t.co/IxVRdAHT2i
Let’s think about this for a second:
• Russia:
The world’s second-largest gold producer is restricting the export of refined gold bars over 100 grams.
• China:
The largest gold producer on Earth keeps its domestically mined gold at home.
1971 was when gold stopped leaving the West.
2026 may be remembered as when it stopped leaving the East.
Read this again...
@Buttguytbh@DudeWhoInvests Orrrr that’s what happens when paper markets can dump unlimited contracts and temporarily disconnect price from real-world demand.
@WatcherGuru This is the exact environment gold and silver were made for
war, inflation, global tension and somehow they’re dipping? Yea ok, keep stacking!
#Silver#Gold