Silver Prices Slightly Fluctuated on February 18 [SMM Daily Review]

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.

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