Silver prices fell on February 27 [SMM Daily Comment]

The silver prices opened at $22.505 per ounce on February 27. The average ex-factory price SMM 1# silver in the morning session stood at 5865 yuan/kg, down 34 yuan/kg or 0.6% compared with the previous trading day. According to SMM, premium for large-volume national standard silver ingots in Shanghai was 3 yuan/kg, and the quotation of spot silver ingots from large producers was 5 yuan/kg with cash payment. Quotes for different contracts increased. Shipments and purchasing were subdued.