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Silver prices are approaching $80 an ounce in Shanghai, just as China prepares to implement export restrictions. Peter Spina warns of an impending silver shortage resulting from these changes, which are expected to take effect in less than a week.
Market participants are watching closely as the regulatory landscape shifts, with echoes of the market uncertainty highlighted during the scrutiny over a potential silver futures trading halt last year. These latest developments follow the significant momentum identified in Spina’s analysis of a silver price breakout with far-reaching implications for the sector.