Silver Prices Continued to Decline on June 25 [SMM Daily Review]

Today, silver prices continued to decline. The opening price of spot silver was $29.532 per ounce. The ex-factory reference price of SMM 1# silver in the morning averaged 7,766 yuan/kg, down 22 yuan/kg from yesterday, a decrease of 0.28%. According to SMM, the discount of spot silver ingot meeting national standard under large-volume orders in Shanghai was 0-2 yuan/kg with cash payment, and the premium of spot silver ingot under large-volume orders from large producers was 0-2 yuan/kg with cash payment. There were transactions in the market, but downstream was not urgent and mainly made purchases as needed.