China Silver Output Jumped in March

According to SMM survey, domestic #1 silver output stood at 1,454.894 mt (including 1,054.394 mt produced with ore),a jump of 12.5% month-on-month and 15.9% year-on-year. The large increase in output in March is because: 1. The prices of silver in mid-March were low, and enterprises purchased raw materials aggressively. 2. There were more days of normal production in March compared with February; 3. Production plans of silver increased. 4. The overhaul ended.  Generally speaking, the number of manufacturers whose output increased were greater than the number of manufacturers whose output declined, and the amount of increase also surpassed the decline, sending silver output to surge.