Silver prices fluctuated slightly today. The opening price of spot silver was $29.587/oz, and the SMM 1# silver ex-factory reference average price in the morning was 7,637 yuan/kg, up 30 yuan/kg from last Friday, an increase of 0.4%. This morning, due to the rapid narrowing of the spot-futures price spread, market quotations were adjusted quickly, with quotes for the 02 contract rapidly shifting from 02-12 to 02-8. Relative to TD, the national standard was on par with TD, and transactions were slightly at a discount. Transactions at lower market prices were completed quickly, while higher quotes saw some transactions but were not the mainstream trading volume. As market purchasing enthusiasm was high today, the spot premiums and discounts are expected to rise slightly tomorrow.
Silver Prices Rise Slightly on January 6 [SMM Daily Review]
[SMM Daily Review: Silver Prices Rose Slightly on January 6] The SMM 1# Silver ex-factory reference average price in the morning was 7,637 yuan/kg, with the average price rising 30 yuan/kg WoW, an increase of 0.4%.
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
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
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]
Read More
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
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)
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]
Read More
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
Read More
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
Related News
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 06, 2026 17:46
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Feb 06, 2026 12:00
A gold and silver reset, not a reversal
Feb 06, 2026 09:27
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Feb 05, 2026 17:36