Silver prices rose on April 10

Published: Apr 10, 2024 17:00
Yesterday, the US March NFIB Small Business Confidence Index announced a value of 88.5, lower than the previous value of 89.4 and the expected value of 89.9. Silver still rose slightly today. The opening price of spot silver was US$28.142 per ounce.

Yesterday, the US March NFIB Small Business Confidence Index announced a value of 88.5, lower than the previous value of 89.4 and the expected value of 89.9. Silver still rose slightly today. The opening price of spot silver was US$28.142 per ounce. The SMM average ex-factory reference price of 1# silver in the morning was 7199 yuan/kg, up by 56 yuan/kg or 0.78% compared with yesterday. According to SMM, premium for large-volume order national standard silver ingots in Shanghai was 1 yuan/kg to around, and the quotation of spot silver ingots from large producers was 3 yuan/kg with cash payment. There are more companies shipping goods in the market today than in the previous two days, and the market transaction was weaker.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn