China Silver Output Rose Significantly in May

According to SMM survey, domestic #1 silver output in May stood at 1,399.707 mt (including 1,050.707 mt of silver produced with ore), an increase of 4.9% month-on-month and 16.6% year-on-year.

The month-on-month increase in output is due to two factors: 1. The silver content in the raw material ores changed. 2.Smelters purchased raw materials as the price of silver fell in the second half of May. Output at some plants fell due to closures for maintenance. Overall, the number of companies whose output increased in May and the output growth both exceeded the number of companies whose output decreased and the output declines.

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