Silver Prices Slightly Increased on July 1st [SMM Daily Review]

Last Friday, the US May core PCE price index YoY was announced at 2.6%, flat from the expected value and lower than the previous value of 2.8%. Spot silver opening price was $29.066/ounce on July 1, and the SMM1# silver ex-factory reference average price in the morning was 7,696 yuan/kilogram, an increase of 66 yuan/kilogram from last Friday, with a growth rate of 0.9%. According to SMM, large cash spot silver ingot quotations and transaction prices in the Shanghai area were between 0-2 yuan/kilogram. There were quiet transactions in the market.