Why silver is rallying even without Wall Street's support

Chinese demand has pushed silver prices in Shanghai to a widening premium over benchmark prices in London.

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• Silver is ripping higher — even as futures and ETF investors pull back.
• Chinese buying is propping up prices at levels that may test industrial demand.
• Analysts warn profit-taking could emerge ahead of China's Lunar New Year trading shutdown.

Silver's trailblazing rally has caught some investors by surprise — but Wall Street isn't leading the charge.