Silver Kimchi Premium & Divergence Charts
We track the international silver price (XAGUSD) and South Korea’s domestic silver price (KB Silver Spot) to provide real-time data on the Silver Kimchi Premium and price divergence. The dashboard displays both domestic and international silver spot prices, while the chart visualizes the calculated Silver Kimchi Premium and divergence alongside the silver price. All data are updated automatically every hour in real time.
이 포스팅은 쿠팡 파트너스 활동의 일환으로, 이에 따른 일정액의 수수료를 제공받습니다.
Gold Kimchi Premium Chart
Historical Returns: Gold & Silver
Gold Silver Ratio Chart
Live Gold Price
Why the International and Domestic Silver Prices Differ
While the benchmark silver price is determined in major global markets such as London and New York (USD/oz), Korea’s domestic silver price differs due to additional factors such as the exchange rate (KRW/USD), taxes, distribution costs, trading channels, and premiums based on the product form and brand.
- Exchange rate (KRW/USD): Conversion effect from USD to KRW
- Taxes / Fees: Value-added tax (VAT), transaction fees
- Spread: Difference between buying and selling prices, quote increments
- Premium: Brand, product form (bar/coin), packaging, fabrication cost, etc.
- Time difference / Trading hours: Gap between global and domestic market updates
- Supply & logistics cost: Domestic inventory, storage, hedging, and transportation costs
Conversion Formula for International Silver Price (KRW per gram)
International Silver Price (KRW/g) = ( International Silver Price USD/oz × Exchange Rate KRW/USD ) ÷ 31.1035
- International Silver Price: 24.02 USD/oz
- Exchange Rate: 1,400 KRW/USD
- Calculation: 24.02 × 1,400 ÷ 31.1035 = 1,081.16 KRW/g
Note: The unit “oz” used in precious metals refers to the troy ounce, equal to about 31.1035 grams. This differs from the common avoirdupois ounce used for everyday weights.
Data Update Notice
- The Silver Kimchi Premium Chart is automatically updated every hour at 10 minutes past the hour (KST, UTC +9).
- Depending on network or data-source latency, updates may be delayed by several seconds to minutes.
- Please check the “Last Updated” timestamp at the top of the page for reference.
Frequently Asked Questions (Q&A)
Q1. What is the “KB Silver Spot” shown in the dashboard and chart?
A. It refers to the silver-bar price published by KB Kookmin Bank, excluding 10% VAT from the listed retail price. You can view the official KB Kookmin Bank silver-bar prices on their website.
Q2. The Silver Kimchi Premium (or divergence) sometimes exceeds 10%. How should I interpret this?
A. The domestic silver price includes additional costs such as brand, certification, packaging, labor, inventory, and retail expenses. Therefore, the Silver Kimchi Premium reflects these local factors. We recommend using the figures mainly to observe relative movements and volatility, rather than as absolute pricing indicators.
Q3. What are the data sources for the dashboard and chart?
A. Domestic Silver Price: KB Kookmin Bank Silver Bar Prices, International Silver Price: XAG/USD, Exchange Rate: KRW/USD
Q4. When are the Silver Kimchi Premium charts updated?
The dashboard and charts are updated automatically every hour at 10 minutes past the hour. Data are not updated during weekends.
Disclaimer
This page is provided for informational purposes only. All investment decisions and outcomes are the sole responsibility of the user.