Imported Silver Ingots Were Sold Off at Reduced Prices, While Supply Pressure Eased Marginally

[SMM Precious Metals Market Flash] Approaching month-end in March, spot silver ingot circulation in China’s spot market was ample. Large imported ingots and crude silver, previously constrained by refining capacity, were slowly entering the market. According to an SMM survey, a crude silver processing enterprise reported that new crude silver processing orders had decreased significantly since the beginning of this week, and processing fees for imported silver ingots had also been lowered.

Updated information from the Vietnam Department of Geology and Minerals (under the Ministry of Agriculture and Environment) indicates that during the implementation of the project, the agency discovered 12 gold ore sites, with estimated resources of more than 10 tons of gold and over 16.4 tons of silver. “This serves as an important foundation for advancing comprehensive digital transformation in the geology sector, supporting state management, resource planning, and attracting investment in sustainable mineral exploitation,” a representative of the project said.

The question now arises: why did this rally occur so suddenly, and will it continue in the future? To address this, *Jagran Business* spoke with Ajay Kedia, Director of Kedia Advisory. He outlined a strategy for investors based on four key points, which will determine whether the current rally is sustainable or if the market is likely to witness a decline once again.