Since 2025, changes in the global macroeconomic landscape and transformations in industrial fundamentals have jointly driven the surge in precious metals. The explosive growth on the demand side and rigid constraints on the supply side have created sharp structural contradictions, coupled with rising risk aversion among market funds amid fluctuating geopolitical situations, propelling precious metals into a spectacular rally. In this rally, silver's performance has been particularly outstanding—even after recent periodic pullbacks, its cumulative gains remain remarkable: to date, COMEX silver has approached a 70% increase year-to-date, with SHFE silver closely following with a nearly 60% annual gain.
The strong performance of silver prices has further highlighted its core status as a "strategic bloodline metal." Amid the accelerated global energy transition and the advancement of "dual carbon" goals, demand for silver in key areas such as conductive paste for PV modules, high-end electronic chip packaging, and nuclear medical imaging detection has grown exponentially, making it an indispensable foundational material supporting the development of emerging industries. However, the hidden concerns behind the prosperity cannot be ignored: global silver ore reserves are only 640,000 mt, the supply gap for primary silver continues to widen, and the potential of the much-anticipated "urban mine" for renewable resources has not been fully unleashed, with the current overall industry recycling rate below 30%, keeping the alarm for supply-demand imbalance sounding. How to break through recycling bottlenecks via technological innovation, how to develop high-value application scenarios to extend the industry chain's value, and thereby build a virtuous industrial ecosystem of "resource recycling-technological innovation-application upgrading" has become a core issue for ensuring national industry chain and supply chain security and supporting the high-quality development of a zero-carbon economy, as well as an era-defining challenge the entire industry urgently needs to solve.
On November 20-21, the , hosted by SMM Information & Technology Co., Ltd., was grandly held at the Wyndham Grand Trustel Zhinyin Hotel in Suzhou, Jiangsu!
At a critical period of industrial transformation and global changes, this conference, under the core theme of "Silver Chain Circulation · Light Up the Future: Recycled Silver Driving Downstream Value Leap," meticulously established a platform for intellectual exchange with height, depth, and breadth. At the conference, top experts and scholars from academia, industry, and finance will conduct in-depth discussions on core issues across multiple dimensions: from a macro perspective, focusing on economic trends and bulk commodity analysis, silver trends, and hedging strategies; at the industry level, analyzing the current status of the silver nitrate industry, the supply-demand pattern of the silver industry chain, and supply chain resilience building; and at the technical level, exploring cutting-edge directions such as copper substitution for silver/reduced silver or silver-free metallization, efficiency improvements in modern silver recycling technologies, opportunities for silver recycling from PV, and advanced applications of nano-silver powder. From macro insights to micro operations, from technological breakthroughs to resource recycling, this intellectual feast is set to build industry consensus and stimulate innovation vitality, injecting strong momentum into building a high-quality development ecosystem of "resource recycling-technological innovation-application upgrading" for the silver industry!
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November 20
SMM Silver-Bearing Ore Pricing Methodology Seminar
Opening Address
Wang Cong, General Manager of SMM Industry Research Department
(10:30-10:40)
Discussion on Supply and Demand in the Silver-Bearing Raw Material Market, Silver-Bearing Ore Pricing Methodology, and Pricing Calculator
Feng Disheng, Senior Research Manager at SMM
(10:40-10:55)
Exchange and Discussion
(10:55-11:20)
Conference Summary
(11:20-11:30)
Main Forum
Opening Address
Wang Cong, General Manager of SMM Industry Research Department
(13:30-13:40)
Guest Speaker Session
Speech Topic: Current Macroeconomic Situation and Basic Analysis of the Commodity Market
Guest Speaker: Hu Yuyue, Director and Professor of the Securities and Futures Research Institute, Beijing Technology and Business University
(13:40-14:40)
Speech Topic: Analysis of the Current Situation and Development Trends of China's Silver Nitrate Industry
Guest Speaker: Ding Gangqiang, Deputy Chief Engineer and Researcher of CSSC Huanggang Precious Metals Co., Ltd.
(14:40-15:10)
Speech Topic: 2025 Hedging and Silver Trend Analysis
Guest Speaker: Li Xichang, General Manager of the Asset Management Department, Henan Zuoqi Youshi Industrial-Financial Base
(15:10-15:40)
Speech Topic: DKEM® High-Efficiency Solar Cell Copper-for-Silver Metallization Strategy
Guest Speaker: Chen Cong, Technical Director of Wuxi DK Electronic Materials Co., Ltd.
(15:40-16:10)
Speech Topic: Panoramic Insight into the Silver Industry Chain: In-Depth Analysis of Supply-Demand Pattern and Market Trends
Guest Speaker: Feng Disheng, Senior Research Manager at SMM
(16:10-16:40)
Banquet Dinner
Speech Topic: Modern Silver Recycling Technology and Its Efficiency Improvement, Outlook for the Silver Recycling Market
Guest Speaker: Zhou Quanfa, Foreign Academician of the Russian Academy of Natural Sciences, Dean of the School of Resources and Environmental Engineering, Shanghai Polytechnic University
(09:00-09:30)
Speech Topic: Opportunities and Challenges in the Silver Recycling Market of the PV Recycling Industry
Guest Speaker: Zhuang Huliang, General Manager of Changzhou Ruise Environmental Protection Technology Co., Ltd.
(09:30-10:00)
Speech Topic: Discussion on Low-Silver and Silver-Free Metallization Solutions
Guest Speaker: Liu Shangcai, Deputy Technical Director of Suzhou Jingin New Materials Technology Co., Ltd.
(10:00-10:30)
Speech Topic: How to Strengthen the Resilience of the Precious Metals Supply Chain
Guest Speaker: Chen Hongshu, Market Manager of Guangxi Zhongma Zhonglianjin Cross-Border E-commerce Co., Ltd.
(10:30-11:00)
Speech Topic: Application and Development Challenges of Nano Silver Powder in Advanced Manufacturing
Guest Speaker: Wang Beilei, Technical Development Department, Youyan Nano Micro New Materials (Beijing) Co., Ltd.
(11:00-11:30)
》Click to view the special coverage of the 2025 SMM Silver Industry Chain Annual Conference & Silver Recycling and Application Industry Conference
