Metals (Beta) — Gold & Silver Across Venues — 2026-07-31

Observed USD spot, Shanghai premium, SHFE implied carry, and implied Chinese lease conditions. Silver's Shanghai premium is shown gross of Chinese VAT; carry and lease are descriptive financing decompositions, not return forecasts. Research, not investment advice.

MetalUSD/ozt1D30D1YShanghai premium90D carryImplied CN lease
Gold $4,045.16 -1.42% +0.33% +22.96% +78.9 bps +3.48% -2.05%
Silver $57.62 -2.08% -2.21% +57.02% +1323.0 bps +3.87% -2.44%

Published ETF holdings

Open the current JSON snapshot · Read the carry methodology

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