Shanghai Silver Price Today (SHAG Benchmark)
| Shanghai benchmark (SHAG) | Bid | Ask | Change | % Change |
|---|---|---|---|---|
| Price Per Ounce | $73.22 | $73.22 | ▲ +$1.84 | +2.58% |
| Price Per Gram | $2.35 | $2.35 | ▲ +$0.06 | +2.58% |
| Price Per Kilo | $2353.93 | $2353.93 | ▲ +$59.30 | +2.58% |
Morning (AM) session
15,918 CNY/kg
73.22 USD per troy oz
Afternoon (PM) session
15,970 CNY/kg
73.45 USD per troy oz
Premium vs COMEX / global silver spot (ask shown in hero):
AM +7.6%
·
PM +8.0%
Latest SGE trade date: 2026-06-12
· USD/CNY (conversion): 6.7623
The Shanghai silver price today is $73.2156 USD per troy ounce — the SHAG morning fix from the Shanghai Gold Exchange — currently a +7.6% premium over COMEX silver spot.
SHAG (morning fix) vs COMEX silver
Shanghai benchmark shown as the morning (AM) fix in USD per troy ounce. COMEX line is our daily average silver spot (USD/oz) for the same calendar date. Gaps occur when either series is missing for that day.
Recent trading days (last 30 rows)
Premium uses SHAG in USD/oz vs same-day COMEX daily average. Weekends and holidays may appear with incomplete sessions.
| Trade date | AM ¥/kg | PM ¥/kg | AM $/oz | PM $/oz | COMEX avg $/oz | AM vs COMEX | PM vs COMEX |
|---|---|---|---|---|---|---|---|
| 2026-06-12 | 15,918 | 15,970 | 73.22 | 73.45 | 67.28 | +8.8% | +9.2% |
| 2026-06-11 | 15,517 | 15,320 | 71.37 | 70.47 | 64.70 | +10.3% | +8.9% |
| 2026-06-10 | 15,502 | 15,565 | 71.30 | 71.59 | 64.20 | +11.1% | +11.5% |
| 2026-06-09 | 16,334 | 16,398 | 75.13 | 75.42 | 67.04 | +12.1% | +12.5% |
| 2026-06-08 | 16,262 | 16,198 | 74.80 | 74.50 | 67.87 | +10.2% | +9.8% |
| 2026-06-05 | 17,589 | 17,323 | 80.90 | 79.68 | 70.81 | +14.3% | +12.5% |
| 2026-06-04 | 17,812 | 17,685 | 81.93 | 81.34 | 73.67 | +11.2% | +10.4% |
| 2026-06-03 | 18,001 | 17,982 | 82.57 | 82.48 | 73.95 | +11.7% | +11.5% |
| 2026-06-02 | 18,160 | 18,427 | 83.41 | 84.64 | 75.70 | +10.2% | +11.8% |
| 2026-06-01 | 18,153 | 18,174 | 83.25 | 83.35 | 75.30 | +10.6% | +10.7% |
| 2026-05-29 | 18,418 | 18,238 | 84.67 | 83.85 | 75.58 | +12.0% | +10.9% |
| 2026-05-28 | 17,805 | 17,692 | 81.86 | 81.34 | 74.15 | +10.4% | +9.7% |
| 2026-05-27 | 18,756 | 18,206 | 86.18 | 83.65 | 75.28 | +14.5% | +11.1% |
| 2026-05-26 | 18,538 | 18,618 | 85.26 | 85.63 | 76.52 | +11.4% | +11.9% |
| 2026-05-25 | 19,094 | 18,903 | 87.79 | 86.91 | 77.94 | +12.6% | +11.5% |
| 2026-05-22 | 18,627 | 18,623 | 85.62 | 85.60 | 75.96 | +12.7% | +12.7% |
| 2026-05-21 | 18,733 | 18,391 | 86.11 | 84.53 | 75.77 | +13.6% | +11.6% |
| 2026-05-20 | 17,961 | 18,236 | 82.37 | 83.63 | 75.19 | +9.6% | +11.2% |
| 2026-05-19 | 18,871 | 18,685 | 86.51 | 85.65 | 75.40 | +14.7% | +13.6% |
| 2026-05-18 | 18,291 | 18,414 | 83.86 | 84.42 | 76.40 | +9.8% | +10.5% |
| 2026-05-15 | 20,021 | 19,253 | 91.64 | 88.12 | 78.18 | +17.2% | +12.7% |
| 2026-05-14 | 21,454 | 21,374 | 98.20 | 97.83 | 85.82 | +14.4% | +14.0% |
| 2026-05-13 | 21,342 | 21,273 | 97.58 | 97.26 | 87.26 | +11.8% | +11.5% |
| 2026-05-12 | 21,119 | 20,843 | 96.51 | 95.25 | 85.33 | +13.1% | +11.6% |
| 2026-05-11 | 19,870 | 19,814 | 90.88 | 90.63 | 82.99 | +9.5% | +9.2% |
| 2026-05-08 | 19,719 | 19,839 | 90.06 | 90.60 | 80.27 | +12.2% | +12.9% |
| 2026-05-07 | 19,341 | 19,395 | 88.33 | 88.58 | 79.34 | +11.3% | +11.6% |
| 2026-05-06 | 18,552 | 18,844 | 84.97 | 86.31 | 76.54 | +11.0% | +12.8% |
| 2026-04-30 | 18,028 | 17,954 | 82.56 | 82.22 | 73.18 | +12.8% | +12.4% |
| 2026-04-29 | 18,029 | 18,120 | 82.51 | 82.92 | 72.46 | +13.9% | +14.4% |
What is the Shanghai Silver Benchmark (SHAG)?
The Shanghai Silver Benchmark Price (contract code SHAG) is a daily reference price published by the Shanghai Gold Exchange (SGE). It is determined in formal fixing auctions, similar in spirit to legacy benchmark fixes elsewhere: there is a morning (早盘) session and an afternoon (午盘) session, quoted in CNY per kilogram of fine silver.
SHAG is not the same thing as 24-hour electronic COMEX silver quotes. Many investors watch the spread between Shanghai-denominated benchmarks and dollar spot to gauge regional pressure, logistics, and wholesale tightness in the Chinese market.
Why compare SHAG to COMEX spot?
Most English-language silver commentary uses COMEX or LBMA-style spot quotes. Converting SHAG to USD per troy ounce (using USD/CNY) lets you compare like-for-like. When SHAG converted to USD/oz trades above COMEX spot, some participants describe that as a “Shanghai premium”; when it trades below, a “discount.” The spread changes with currency, local supply and demand, and session timing.
