SMM Forecast for China Silver nitrate Output In April

SHANGHAI, Apr 11 (SMM) - Silver prices have been rising since mid-March, and the prices of silver (T+D) on the Shanghai Gold Exchange approached 5,600 yuan/kg as of April 7. Soaring silver prices cooled downstream enthusiasm for placing orders. Considering the differences in orders and production schedules, the impact of rising silver prices on each silver nitrate producers’ output varies. All in all, SMM expects silver nitrate output to decrease in April from 646 mt in March.