Abaxx SSP Futures Launch Widens Asian Premiums and Strains COMEX Delivery

On 29 May 2026 market commentary intensified around the 22 May launch of Singapore’s US-dollar SSP silver futures on Abaxx Exchange. The physically settled 1,000-oz contract, requiring upfront bullion deposits into Brink’s vaults, is designed to capture real Asian industrial demand and reduce reliance on Western paper markets. Analysts note that the new venue is already widening arbitrage between Asian spot premiums and COMEX/LBMA prices, exposing backwardation and delivery strains while supporting physical silver holders and mining equities tied to Asian offtake. Projected cumulative supply shortfalls of 210–216 million ounces through 2026, driven by electronics and AI demand, are cited as additional bullish factors.