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Benchmark: COMEX
| Market | Local Price | USD/oz | 24h | Source |
|---|
0 – 5%
Lower difference bucket. This label describes magnitude only and does not measure supply, demand, or market efficiency.
5 – 10%
Middle difference bucket. Timing, FX, contract terms, taxes, liquidity, and data-source methodology may all affect the reading.
15%+
Largest difference bucket. The reading requires source and timestamp checks; its size alone does not identify a cause.
Note: A negative value means only that the normalized market observation was below the benchmark at the compared timestamps. It does not identify weak demand or excess supply.
The table on this page compares how silver prices in SGE (China), MCX (India) and LBMA (London) relate to a shared USD/oz spot benchmark. It is a reference view for cross-market comparison, not a buy/sell recommendation.
Silver premiums tend to move around more than gold premiums. Silver is both a monetary metal and an industrial input — a large share of end-use demand comes from solar, electronics and other industrial applications — and the global silver market is much smaller in dollar terms than gold, so relatively small changes in local supply, industrial orders or currency conditions can show up as visible premium moves. Wider spreads between markets do not automatically indicate a buying opportunity; they usually indicate that different local inputs are pulling in different directions at once.
When you look at a silver premium reading, it is more useful to ask which of the local inputs — industrial order flow, mint or refinery capacity, currency, or import treatment — moved at the same time, than to treat the number in isolation. This site publishes the raw daily readings; interpretation is left to the reader.