Silver prices moved rangebound on February 28 [SMM Daily Comment]

The silver prices opened at $22.433 per ounce on February 28. The average ex-factory price SMM 1# silver in the morning session stood at 5686 yuan/kg, up 1 yuan/kg or 0.017% compared with the previous trading day. According to SMM, premium for large-volume national standard silver ingots in Shanghai was 3 yuan/kg, and the quotation of large-volume silver ingots from large-scale producers was 4-5 yuan/kg. Shipments and purchasing improved.