2026-01-18 19:41:04

Physical Silver Trading at Wild Premium Compared to Paper Prices

Global reports show a significant disconnect in silver markets right now. In Tokyo, physical silver is commanding $130+ per ounce while paper silver hovers around $81. That's a massive gap.

When the actual commodity trades at such a premium over the derivative pricing, it signals something's off with how the market's valuing things. Institutions and traders paying double on the spot market tells you the paper pricing mechanism isn't reflecting real scarcity or demand.

This kind of dislocation—where physical and paper prices decouple this dramatically—raises questions about market efficiency and price discovery. Whether it's delivery constraints, regional supply shocks, or deeper structural issues in how precious metals are being hedged and traded, the mismatch is real and worth paying attention to.

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LiquidatedAgain

· 9h ago

Damn, $130 versus $81? This isn't a disconnect, it's a total explosion. It's the same old paper silver trick; the liquidation mechanism should have been changed long ago. The physical premium is so outrageous, I should have gone all in on spot long ago. Why am I still caught in futures? Tokyo must be going crazy, can't even afford to add to my position.

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BTCRetirementFund

· 10h ago

Hmm... Paper silver is only 81? Tokyo spot is over 130? The price difference is outrageous, it feels like the big players are just playing tricks. I can understand fiat currency devaluation, but double the price difference? Is this for real? Is the spot premium so crazy because of actual shortages or manipulation? Wait, is physical silver really that valuable? I need to think about it. This is why holding physical assets is important; digital numbers are all虚假的

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UncommonNPC

· 10h ago

Paper silver is too虚了, spot prices are rising so fiercely that I really can't hold on anymore --- Tokyo directly doubles? Feels like it's going to explode... --- The paper currency game has finally been exposed, physical silver is the true asset --- Can this price difference be arbitraged? Has anyone tried it? --- Haha, the supply chain has issues, retail investors should start bottom fishing --- The price discovery mechanism has completely failed, now it's just a gamble --- Physical metals will never be slaves, paper derivatives will collapse sooner or later --- Two times the price difference... how serious are the delivery constraints

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4am_degen

· 10h ago

Silver is surging so fiercely over in Tokyo, but paper silver is still sleeping? The price gap is incredible. The paper currency pricing mechanism has completely failed, what else can we trust? Double premiums are no joke; institutions are really pouring real money into this. This broken system will collapse sooner or later, just wait and see the show. The physical shortage is real, who are the digital games fooling?

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MergeConflict

· 10h ago

The pricing mechanism of paper silver has long overdue for a collapse; the spot doubling premium is no coincidence --- Over in Tokyo, $130 spot vs. $81 paper... this price gap is ridiculously out of line, feels like something's going to happen --- It's the same old trick, are derivatives fooling everyone? Physical is the real deal --- Supply chain bottlenecks? Or are institutions messing around... this imbalance feels truly different this time --- What does a double premium indicate? It shows that everyone knows the paper price is nonsense --- I just want to see how long this can last; it will explode sooner or later

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pumpamentalist

· 10h ago

Is the silver in Tokyo doubling directly? Wake up from the fiat game --- Such outrageous price differences... Is someone really just drawing pie charts on paper? --- Double premium, indicating that the spot price is the real price, and the futures game is just fooling around --- Is the supply chain broken or are the whales dumping? This question needs to be thoroughly investigated --- Physical silver outperforms paper silver in seconds, now I understand what the price discovery mechanism really means --- A price difference of 60 yuan... Why do some still believe in that number on paper? --- What is the Tokyo silver market telling us? The truth is in the price difference

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MEVHunter

· 10h ago

ngl this $130 vs $81 arbitrage spread is absolutely screaming... someone's running a massive sandwich operation on the silver futures market tbh. paper pricing getting absolutely gutted while physical sits fat in tokyo—classic mempool congestion energy but for commodities lol

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