Silver Prices Rise Slightly on February 6 [SMM Daily Review]

Published: Feb 17, 2025 13:44

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[SMM Daily Review: Silver Prices Rose Slightly on February 6] The SMM 1# Silver ex-factory reference average price in the morning was 8,061 yuan/kg, an increase of 16 yuan/kg compared to yesterday, with a rise of 0.2%.

The price of silver rose slightly today. In the night session yesterday, spot silver prices increased, narrowing the price spread. The SMM 1# silver ex-factory reference average price this morning was 8,061 yuan/kg, up 16 yuan/kg from yesterday, with a growth rate of 0.2%. According to SMM, the premiums and discounts for national standard silver ingots in the Shanghai region were around parity today. Large manufacturers quoted at +2 to +3, with some quoting against the 02 contract. Due to the continued high silver prices today and the fact that some end-user enterprises have not yet resumed operations, market transactions were sluggish today.

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