Silver prices rose slightly today, with the opening price of spot silver at $29.896/oz. The ex-factory reference average price of SMM 1# silver in the morning was 7,604 yuan/kg, up 7 yuan/kg from yesterday, an increase of 0.09%. According to SMM, as today is the delivery day, the market was engaged in futures delivery and cargo pick-up. Since spot premiums/discounts remained around parity with the national standard, large producers quoted 3-5 yuan/kg. As a result, there was a possibility of obtaining well-branded products during cargo pick-up today. Futures trading was relatively active, while spot trading activity was weaker.
Silver Prices Rise Slightly on January 15 [SMM Daily Review]
【SMM Daily Review: Silver Prices Rose Slightly on January 15】The SMM 1# Silver ex-factory reference average price in the morning was 7,604 yuan/kg, an increase of 7 yuan/kg compared to yesterday, with a rise of 0.09%.
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.
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