Silver Prices Dropped Slightly on December 30 [SMM Daily Review]

Today, Switzerland's December KOF Economic Leading Indicator was released at 99.5, lower than the previous value of 102.9 and the expected value of 101.1, which is bearish for silver. The opening price of spot silver today was $29.293 per ounce, and the ex-factory reference average price of SMM 1# silver in the morning was 7,522 yuan per kilogram, down 63 yuan per kilogram from last Friday, a decrease of 0.8%. According to SMM, most enterprises in the Shanghai area were in a state of account closure today, with limited quotations. The quotation for large silver ingots with cash spot transactions in the Shanghai area today was 3 yuan per kilogram, 02-12 (spot-futures price spread at 15, 16 yuan). Market transactions were mainly driven by just-in-time procurement from downstream industrial enterprises.
Silver Paste: The reference price for solar cell rear-side silver paste today was 4,910-5,010 yuan per kilogram; the reference price for solar cell busbar front-side silver paste was 7,410-7,510 yuan per kilogram; and the reference price for solar cell finger front-side silver paste was 7,460-7,560 yuan per kilogram.

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