On August 14, silver prices fluctuated slightly [SMM Daily Review]

Yesterday, the US July PPI year-on-year value was announced at 2.2%, lower than the previous value of 2.7% and the expected value of 2.3%. The US July PPI month-on-month value was announced at 0.1%, lower than the previous and expected values of 0.2%. The opening price of spot silver was $27.835 per ounce. The ex-factory reference average price of SMM 1# silver in the morning was 7,115 yuan per kilogram, down 45 yuan per kilogram from yesterday, a decrease of 0.6%. According to SMM, the spot market in Shanghai was relatively tight today, with spot silver premiums quoted at 4-7 yuan per kilogram with cash payment. The market transaction prices were slightly lower than the quotes, and the transactions were average.