Precious metal prices held up well today, with the spot-futures price spread of Shanghai silver 2510 contract narrowing in the morning session, and suppliers showing strong willingness to offload cargo.

IC（Integrated circuits） are a crucial component of emerging electronic consumer terminals. What is the state of the integrated circuit industry chain and market size? Which process links involve the consumption of precious metal silver? What is the annual silver consumption level in the semiconductor packaging link? SMM has compiled the following information based on publicly available data and interviews.

In July 2025, silver production continued its upward trend, increasing by approximately 1.4% MoM from June. As silver prices reached new highs in July, the by-product revenue from lead smelters was substantial, leading to positive growth in silver by-product production from lead smelters.