🚨 SHANGHAI SILVER STRUGGLES — BUT SURVIVES ANOTHER DAY 🚨
🇨🇳 SHFE Silver Update: Shanghai Vaults Scrape Up More Metal $ME
Silver on the Shanghai Futures Exchange closed at $92.98, trading at a $4.21/oz premium to the SGE — likely a sign of short covering by big players.
Meanwhile: $MOVE
🏅 Gold still strong at ¥5,061.83 on SHFE
📦 242,127 oz of silver added to SHFE vaults
But inventories remain painfully thin — just 11,240,962 oz total, barely off historic lows.
This isn’t a market in retreat — it’s a market under stress.
Bulls see premium dynamics and tightening stocks as bullish.
Bears see a fragile support that could snap without warning.
💥 Shanghai lives to vault another day… but the silver market’s on life support. $BERA
Is this short covering… or the calm before a big breakout?
🤔 **Should we call in @davidbateman to put the final nails in the SHFE coffin?**


