SMM: July 2026 Silver Ingot Production Down, Inventories Up Due to Smelter Maintenance

Published: Jul 31, 2026 18:08

Save

[SMM Silver Express] SMM July 31: SMM 1# silver ingot production stood at 1,556 tonnes in July 2026, down 0.38% month-on-month and 3.59% year-on-year, with cumulative growth of 5.3% in the first seven months. Producer inventories rose 22.2% month-on-month. The decline was mainly due to ongoing maintenance at copper, lead and zinc smelters, with some inventories reserved for processing trade exports.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Gold and Silver During a Recession: How Do Precious Metals Really Perform?

2 hours ago

Jul 30, 2026 17:28

SMM Silver Express: Hong Kong Spot Premium Slides Amid Seasonal Demand Lull

[SMM Silver Express] This week, the SMM silver ingot Hong Kong spot premium (vs. LBMA) closed at a discount of $0.35-0.2/oz, as Hong Kong entered its seasonal demand lull, with overall inventories building and limited buying interest.

Jul 30, 2026 17:28

Jul 30, 2026 17:27

Fed Holds Rates but Hawks Strengthen, Weighing on Precious Metals Amid High Yields and Dollar Strength

Jul 30, 2026 17:27