Global Economy Charts

Live Silver Spot Price (USD/oz)

Shanghai Silver Futures (SHFE AG)

Official Shanghai Futures Exchange silver futures prices (CNY/kg). Market data delayed at least 30 minutes.

Source: Shanghai Futures Exchange (SHFE)

Shanghai Silver Conversion & COMEX Comparison

Convert a Shanghai silver quote in Chinese yuan per kilogram into U.S. dollars per troy ounce. Compare it with a COMEX quote and examine an illustrative VAT adjustment.

Shanghai silver price (CNY/kg)Enter the SHFE AG quote, usually CNY per kg.

USD/CNY exchange rateNumber of CNY for 1 USD. Enter the current rate manually.

COMEX silver price (USD/oz)Enter a comparable quote from the same time.

Assumed VAT rate (%)Illustrative assumption; verify tax treatment for your specific contract.

Shanghai silver · gross USD/oz—

Shanghai silver · VAT-adjusted USD/oz—

Gross premium vs COMEX—

VAT-adjusted premium vs COMEX—

Price Comparison

Metric	Value
Shanghai quote (CNY/kg)	—
USD/CNY	—
COMEX quote (USD/oz)	—
Gross difference (USD/oz)	—
VAT-adjusted difference (USD/oz)	—

Important: This is a mathematical comparison, not an executable arbitrage quote. SHFE contract pricing, VAT treatment, delivery location, futures maturities, trading hours, freight, financing, and market access can all affect comparability. Dividing by (1 + VAT) is an illustrative adjustment only; it is not a universal tax rule. No live market data is fetched.

Formula: Gross USD/oz = (CNY/kg) ÷ (USD/CNY) ÷ 32.1507466. VAT-adjusted USD/oz = Gross USD/oz ÷ (1 + VAT/100). Premium (%) = (Shanghai USD/oz ÷ COMEX USD/oz − 1) × 100.

Global Economy Charts · Educational use only. Check SHFE, CME and exchange-rate sources for current quotes.