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

Published: Jul 2, 2024 11:54

Save

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%.

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.

Market review

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

Related News

Feb 6, 2026 17:46

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

Feb 6, 2026 17:46

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27