For those on wrong side of options contracts expiring? I would guess that this is paper silver being manipulated.

Indeed. There’s a large delta between paper silver and Shanghai physical silver prices right now.

ProjectArcturis 12 hours ago | parent [-]

China only has one silver fund (SLV equivalent), and it stopped creating new shares. So the existing shares trade at a large premium to the value of the underlying metal. Is that the "Shanghai physical" price you're talking about?

	▲	kgwgk 12 hours ago \| parent [-]
		https://www.shfe.com.cn/eng/Market/Futures/Metal/ag_f/