AverageJoe that is a simple one. Silver on COMEX has moved with conviction as volume went through Shanghai in real physical silver. Participants agreed through real Supply/Demand function that equivalent US$17.28 was fair and reasonable.
"The most traded silver contract on the Shanghai Gold Exchange jumped as much as 4.3 percent to 3,595 yuan per kilogram ($17.28 per ounce)."
Getting back to reality of pricing is going to be like an awakening for many. Prices in a FREE MARKET are driven by what participants actually do for REAL.