Epidemic Control and Transportation time lengthens Silver Powder Silver paste Market Trading temporarily stable [SMM Daily Review]

SMM3 March 31 News: today's domestic analysis of pure silver nitrate price in 3246-3290 yuan / kg. According to SMM research, due to the epidemic in Shanghai, the transportation speed is affected, the import of raw materials and the transportation time of goods are prolonged, and the corresponding manufacturers are all affected. They are transporting Shenzhen or other methods to ensure the normal delivery of orders and transportation of raw materials, while raw materials and orders from other regions or not through Shanghai are normal. The average price of SMM1# silver today is 4991 yuan per kilogram, down 48 yuan per kilogram and 1 per cent lower than yesterday. Federal Reserve officials want to significantly reduce assets, the US private employment data is strong, the market is optimistic, Russia and Ukraine have stopped the war, the market risk aversion has declined, and 5000 is the first support level for silver, but for now, it is more likely to fall. Silver nitrate prices are expected to fall.