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Silver Prices Rise Slightly on January 7 [SMM Daily Review]
Jan 7, 2025 17:28Source:SMM
[SMM Daily Review: Silver Prices Rose Slightly on January 7] The ex-factory reference average price of SMM #1 silver in the morning was 7,683 yuan/kg, with the average price rising by 46 yuan/kg compared to yesterday, an increase of 0.6%.
The price of silver rose slightly today. The opening price of spot silver was $29.89 per ounce, and the SMM 1# silver ex-factory reference average price in the morning was 7,683 yuan per kilogram, up 46 yuan per kilogram from yesterday, with an increase of 0.6%. According to SMM, today's market quotes for TD remained relatively stable, with premiums and discounts for national standard warehouse warrants quoted around TD+2, and premiums and discounts for large factory spot silver quoted at 3-5 yuan per kilogram. The spot-futures price spread still fluctuated rapidly today, narrowing at the opening and then slightly widening. Market purchase sentiment today was weaker than yesterday.
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