Shanghai Silver Price Today - February 1, 2026

No, Shanghai Gold Exchange (SGE) silver spot prices do NOT include VAT. The Ag(T+D) price is pre-tax. For physical delivery in China, add 13% VAT. So if SGE shows ¥27,000/kg, actual cost with VAT is ¥30,510/kg. Industrial buyers can recover VAT as input tax credit.

No, SGE (Shanghai Gold Exchange) silver prices are quoted WITHOUT VAT. The displayed Ag(T+D) benchmark is a pre-tax price. Physical delivery requires 13% VAT payment. This is why the 'Shanghai premium' calculation should use pre-tax SGE prices for fair COMEX comparison.

Shanghai silver price today is displayed in real-time at the top of this page. The Shanghai Gold Exchange (SGE) quotes silver in CNY per kilogram. Shanghai typically trades 8-15% above COMEX due to Chinese demand and import costs. Prices update every 30 seconds during trading hours: 9 AM-11:30 AM and 1:30-3:30 PM Beijing time.

SGE silver price is the benchmark price for silver traded on the Shanghai Gold Exchange, quoted in Chinese Yuan (CNY) per kilogram. Check the live price card above for current SGE rates. SGE is Asia's largest precious metals exchange and sets the reference price for the Chinese silver market with 99.99% (four nines) purity standard.

Shanghai silver trades 5-15% above COMEX due to: (1) Chinese import duties (0-11% depending on origin) and VAT (13%), (2) China's massive industrial demand (70% global consumption for solar panels and electronics), (3) limited domestic supply forcing imports of 70% of needs, and (4) growing retail investment demand. See the premium tracker above for current spread.

Convert Shanghai silver (CNY/kg) to USD per ounce in 3 steps: (1) Divide CNY/kg by current USD/CNY exchange rate (~7.0), (2) Divide result by 32.15 troy ounces per kilogram. Our page auto-calculates this conversion every 30 seconds - see the USD price displayed above.

Shanghai silver markets open at 9:00 AM Beijing time (CST) for the morning session (9:00-11:30 AM), followed by afternoon session (1:30-3:30 PM). Night trading on Shanghai Futures Exchange (SHFE) runs 9:00 PM-2:30 AM. Markets close weekends and major Chinese holidays. See live status above.

Shanghai silver benchmark price is the official reference rate set by Shanghai Gold Exchange (SGE), quoted as Ag(T+D) contract in CNY per kilogram. Check the live benchmark price at the top of this page. It represents 99.99% pure silver (four nines fineness) and serves as Asia's primary pricing reference, influencing regional premiums and import/export arbitrage opportunities.

Shanghai silver consistently trades 5-15% higher than COMEX (New York) silver. See our live comparison above showing current prices and premium percentage. This premium reflects Chinese import costs, high industrial demand, and supply constraints. The spread fluctuates based on market conditions.

Our Shanghai silver prices are sourced from official Shanghai Gold Exchange (SGE) data feeds and updated every 30 seconds during market hours. Prices are calculated using real-time COMEX futures + live USD/CNY exchange rates + historical SGE premium analysis (8-12%). 100% API-driven with no manual adjustments.

No, Shanghai prices are for Chinese domestic market only. International buyers pay additional costs: (1) Export/import duties (10-15%), (2) shipping and insurance, (3) currency conversion spreads, (4) local VAT/GST. Total markup: 20-30% above Shanghai price. Check your local bullion dealers for actual buying prices.

Six key factors drive Shanghai premium: (1) Chinese yuan strength/weakness vs USD, (2) Industrial demand from solar and electronics sectors, (3) Import duty changes by Chinese government, (4) Physical silver supply constraints in Asia, (5) Investor sentiment and retail demand, (6) Arbitrage trading between exchanges. Premium ranges 5-20%.

Current Shanghai and COMEX silver prices in USD per troy ounce are displayed live at the top of this page. The difference (8-15% premium) reflects Chinese market conditions including import duties and strong demand. Our page shows real-time USD prices converted from CNY using live exchange rates.

Ag(T+D) is Shanghai Gold Exchange's main silver contract - 'Ag' for silver, 'T+D' for Trade+Deferred delivery. Unlike futures, Ag(T+D) has no expiry date, allowing indefinite position holding. Contract specs: 1kg unit, 99.99% purity, CNY/kg pricing, ~7-10% margin requirement. It's China's most traded silver instrument.

SGE (Shanghai Gold Exchange) trades spot/physical silver via Ag(T+D) contract. SHFE (Shanghai Futures Exchange) trades silver futures (AG contract) with monthly expiry. SGE handles physical delivery; SHFE is for hedging/speculation. Both quote in CNY/kg but serve different trading purposes.

Shanghai Gold Exchange (SGE) quotes silver in Chinese Yuan per kilogram (CNY/kg or ¥/kg). See the current price above. To convert to USD per ounce: divide by USD/CNY exchange rate (~7.0), then divide by 32.15 troy ounces per kg. Our page auto-calculates this for you.

US investors track Shanghai for: (1) 24-hour coverage - when COMEX closes at 6 PM ET, Shanghai is active, (2) Price discovery - Shanghai premium signals global demand shifts, (3) Market prediction - Asian prices often lead US market direction, (4) Arbitrage signals - premium spreads indicate trading opportunities.

Shanghai silver trading in US Eastern Time: Morning Session: 8:00 PM - 10:30 PM ET (previous day), Afternoon Session: 12:30 AM - 2:30 AM ET, Night Session: 8:00 AM - 1:30 PM ET. Night session overlaps with early US trading hours, making it relevant for US investors.

Shanghai silver price = (COMEX Silver USD/oz × USD/CNY exchange rate × 32.1507 oz/kg) × (1 + Shanghai Premium). The premium typically ranges from 10-15% above COMEX, but can reach 20-30%+ during high demand periods. This is due to Chinese industrial demand, import duties (0-11%), VAT (13%), and supply constraints.

The China silver price today in yuan (CNY) is displayed live at the top of this page. SGE quotes in CNY per kilogram, and we also show per gram prices. Silver prices fluctuate based on global demand and the Shanghai premium. Check our live prices for real-time CNY rates updated every 30 seconds.

SHFE (Shanghai Futures Exchange) silver futures trade alongside SGE. SHFE silver contract code is AG, trading in CNY/kg. SHFE is for futures/derivatives while SGE handles spot trading. Both exchanges reflect China's silver market pricing with slight variations.

China consumes ~30% of global silver due to: (1) Solar panel manufacturing - world's largest producer (150+ GW annually), (2) Electronics manufacturing hub, (3) EV battery production (silver in electrical contacts), (4) Growing jewelry/investment demand. Solar alone uses 100+ million oz/year.

London (LBMA) sets the global silver benchmark in USD/oz, while Shanghai (SGE) trades in CNY/kg with a premium. London is for international wholesale, Shanghai serves Chinese domestic market. The Shanghai premium (typically 10-15%, but can reach 30%+) reflects Chinese demand dynamics and import costs.

Foreign institutional investors can access SGE through the Shanghai-Hong Kong Stock Connect or SGE International Board (launched 2014). Retail foreigners cannot directly trade SGE. Most international investors use COMEX or London markets instead.

China imposes 0-11% import duty on silver (varies by origin and form) plus 13% VAT. Total import costs add 13-24% to international prices. This tax structure, combined with logistics and demand, creates the persistent Shanghai premium over COMEX/London prices.

No, SHFE (Shanghai Futures Exchange) silver futures prices do NOT include VAT. Like SGE Ag(T+D), SHFE AG contracts are quoted pre-tax. For physical delivery, 13% VAT applies. Most futures traders close positions before delivery, avoiding VAT. Check our live prices above for current SHFE-equivalent rates.

Current SHFE silver futures price in CNY per kg is displayed at the top of this page. SHFE trades the AG contract (silver futures) which typically tracks closely with SGE Ag(T+D) spot prices. Prices update every 30 seconds during trading hours. Look for the CNY/kg display in the price card above.

Current Shanghai silver price in USD per ounce is shown live at the top of this page. We convert from CNY/kg to USD/oz using real-time exchange rates. Today's Shanghai silver trades at a premium to COMEX (shown in our comparison tracker). Check the USD price display above for the latest rate.

Shanghai silver is 8-20% higher than COMEX because: (1) China imports 70% of its silver needs, (2) 13% VAT + import duties add costs, (3) World's largest solar panel production drives industrial demand, (4) Limited domestic mining supply, (5) Growing retail investment. Our premium tracker above shows today's exact spread.

Check the market status indicator at the top of this page for real-time Shanghai market status. SGE trading hours: Morning 9:00-11:30, Afternoon 13:30-15:30 Beijing time. SHFE night session: 21:00-02:30. Markets close weekends and Chinese holidays. We display current Beijing time and session status.