Recently, due to the uncertainty surrounding tariff issues after Trump took office and the support from market risk-aversion sentiment, prices edged up slightly. However, as the current information is already known to the market, the impact on prices is limited, with silver prices mainly fluctuating. The opening price of spot silver was $30.808 per ounce. The SMM 1# silver ex-factory reference average price in the morning was 7,782 yuan per kilogram, up 62 yuan per kilogram from yesterday, an increase of 0.8%. According to SMM, in the Shanghai region today, large-volume cash spot national standard silver ingot quotations were at a discount of around 2 yuan per kilogram. Today, purchases were mainly driven by downstream rigid demand, and most traders have started preparing for the holiday, with trading activities expected to continue until this Friday.
Silver Prices Rose on January 22 [SMM Daily Review]
[SMM Daily Review: Silver Prices Rose on January 22] The SMM 1# Silver ex-factory reference price in the morning was 7,782 yuan/kg, with the average price up by 62 yuan/kg compared to yesterday, an increase of 0.8%.
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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