Contradictory Data on Silver Prices Raises Questions

Jinshi data reports that New York silver futures surpassed $120/ounce, marking an increase of 5.73% in a single day, with spot silver reaching unprecedented highs this month.

Neither primary sources nor industry leaders substantiate this silver price surge, raising questions about its validity amidst ongoing market trends and historical pricing inconsistencies.

Jinshi Reports $120 Silver Amid Market Skepticism

Jinshi data reports New York silver futures rising above $120 per ounce, noting a daily gain of 5.73%. Spot silver prices reportedly reached this level, marking an increase of nearly $50 within the first month.

Major market figures and institutions have not corroborated Jinshi’s silver price notations, raising skepticism within industry circles. No statements have been issued by leading crypto personalities or regulatory bodies on this matter.

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Analyzing the $120 Silver Price Discrepancy

Did you know?
Silver prices have historically fluctuated due to supply tensions, but reported breaches like the $120 not seen in verified market data suggest notable discrepancies.

Ethereum (ETH) is priced at $2,813.90 with a market cap of formatNumber(339621435088, 9) and a 24-hour trade volume of formatNumber(35607995376, 2). Over 90 days, its price decreased by 27.11%. Data Source: CoinMarketCap.

Research by Coincu indicates ongoing market volatility. Despite Jinshi’s claims, financial markets have yet to document corresponding shifts or regulatory actions based on a $120 silver ounce threshold.