Silver prices slightly fluctuated on June 4 [SMM Daily Review]

Yesterday, the US released the May ISM Manufacturing PMI at 48.7, lower than the previous value of 49.2 and the forecast of 49.6, which is bullish for silver prices. Today, spot silver prices started at $30.403/ounce. The ex-factory reference price of SMM 1# silver averaged 8,013 yuan/kilogram in the morning, down 29 yuan/kilogram from yesterday, a decrease of 0.36%. According to SMM, the spot silver was still quoted at a discount today, with some companies having small transactions. Suppliers showed a strong willingness to sell, but transactions were scarce.