SMM Silver Market Flash: Silver Nitrate Production Down 17% MoM in May 2025, June Outlook Remains Pessimistic

Published: Jun 3, 2025 13:34

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[SMM Silver Market Flash] In May 2025, silver nitrate production fell 17% MoM, with the capacity utilisation rate of multiple enterprises falling short of expectations. As June arrived, pessimistic expectations persisted regarding orders in the PV sector. Some enterprises indicated that the off-season had arrived, and the operating rate would remain below 50% in the short term. It is expected that silver nitrate production may continue to decline in June.

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