Silver Prices Fell on August 5 [SMM Daily Review]

Telah Terbit: Aug 5, 2024 17:16
Sumber: SMM
Today, silver prices continued to decline. The opening price of spot silver was $28.511 per ounce.

Today, silver prices continued to decline. The opening price of spot silver was $28.511 per ounce. The ex-factory reference average price of SMM #1 silver in the morning was 7,272 yuan/kg, down 57 yuan/kg from last Friday, a decrease of 0.8%. According to SMM, due to the price drop, the premium for spot silver ingot meeting national standard in Shanghai was 2-3 yuan/kg with cash payment, with some quotes against the 2410 contract. The market transaction in the morning was mediocre.

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Silver Prices Fell on August 5 [SMM Daily Review] - Shanghai Metals Market (SMM)