Benchmark: Loco London spot (LBMA). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🌐 Loco London Global · global reference | LBMA spotBenchmark | The wholesale silver reference |
🇮🇳 India (landed) India · duty + investment | Duty-paid landed | Duty plus heavy investment/industrial demand |
🇨🇳 Shanghai (SGE) China · solar demand | SGE premium | China premium — solar paste pulls hard |
🇺🇸 COMEX (EFP) USA · futures basis | EFP to spot | London-NY basis |
🇲🇽 Mine doré (payable) Mexico/Peru · mine supply | FOB doré payable | Doré payables under refined spot |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Converted from 64.60 USD/oz · indicative FX
Silver is traded in the precious metals segment. The series on this page is the named public source, not a live feed. Physical parcels of Silver can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Continued official-sector accumulation and a softer rate outlook have kept bullion firm, with silver and platinum tracking the move higher.