Silver prices fluctuated slightly [SMM Daily Comment]

The silver prices opened at $27.137 per ounce on April 25. The average ex-factory price of SMM 1# silver in the morning session stood at 7052 yuan/kg, up 15 yuan/kg or 0.2% compared with yesterday. Silver prices hovered at low levels in the morning. According to SMM, premium for silver ingots meeting national standard under large-volume orders in Shanghai was 2 yuan/kg with cash payment, and the premium of spot silver ingots under large-volume orders from large producers was 4-5 yuan/kg with cash payment. Today, the market demand for major brands is relatively high, and the transaction is acceptable, but not as good as the previous two days when prices were low.