Silver Prices Rise Slightly on February 6 [SMM Daily Review]

The price of silver rose slightly today. In the night session yesterday, spot silver prices increased, narrowing the price spread. The SMM #1 silver ex-factory reference average price this morning was 8,061 yuan/kg, up 16 yuan/kg from yesterday, with a growth rate of 0.2%. According to SMM, the premiums and discounts for national standard silver ingots in the Shanghai area were around parity today, with major producers quoting at +2 to +3, and some quoting against the 02 contract. Due to the continued high silver prices today and the fact that some end-user enterprises have not yet resumed operations, market transactions were relatively poor today.

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