The opening price of spot silver today was $32.4/oz. The SMM 1# silver ex-factory reference average price in the morning was 7,996 yuan/kg, up 13 yuan/kg from yesterday, with an increase of 0.16%. According to SMM, the quotations for large-volume cash spot national standard silver ingots in the Shanghai area were around parity today, while those from major producers were at 2-3 yuan/kg. This morning, as the market remained at a high level, transactions in the market were relatively moderate, and the spot-futures price spread fluctuated significantly. Both traders and downstream procurement demand were average.
Silver Prices Slightly Fluctuated on February 18 [SMM Daily Review]
[SMM Daily Review: Silver Prices Slightly Fluctuated on February 18] The ex-factory reference average price of SMM #1 Silver in the morning was 7,996 yuan/kg, an increase of 13 yuan/kg compared to yesterday, with a growth rate of 0.16%.
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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