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Silver Prices Rise Slightly on January 7 [SMM Daily Review]
Jan 7, 2025 17:28[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.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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