Silver prices continued to fall slightly [SMM Daily Comment]

Published: Feb 6, 2024 17:23

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The Fed's interest rate cut revision still affects market fluctuations, and the price of silver continues to fall today.

The Fed's interest rate cut revision still affects market fluctuations, and the price of silver continues to fall today. The silver prices opened at $22.322 per ounce on February 6. The average ex-factory price SMM 1# silver in the morning session stood at 5825 yuan/kg, down 25 yuan/kg or 0.4% compared with the previous day. According to SMM, premium for large-volume national standard silver ingots in Shanghai with cash payment was 0-1 yuan/kg, and the quotation of large-volume Lingda silver ingots was 2-4 yuan/kg. Trading was cool.

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