Silver trading sideways having retraced below $80. Difference between Comex, LBMA and Shanghai markets due to CME being paper market and Shanghai being physical market. China currently absorbing large chunk of silver demand; export controls and import restrictions set by Chinese government adding to Shanghai premium. CME raised margin requirements to $25,000 with shortage in Shanghai markets as Asian industrial demand eating up new supply. Can expect sustained bullish momentum from this point onwards, but no big jumps till paper market reflects shortage in West.
Key Levels: Support at $70.882 | Resistance at $81.593
Investor Takeaway: RSI below MA line trending upward with high MACD selling pressures; retracement below $80 reflects paper market dynamics while Shanghai physical shortage persists—arbitrage opportunity until Western markets acknowledge tightness.
