Report: Inner Mongolia kicks off environmental probes

[SMM Precious Metals Market News] The current volatility of silver is more than five times that of the S&P 500 Index, reaching its highest level since 1980. A futures firm asset management manager noted that silver lacks the support of central bank purchases, has a smaller market size, and is more speculative, leading to exceptionally violent fluctuations during the deleveraging process. On the technical side, $83/oz serves as a key resistance level, while the $76–$78 range constitutes near-term support.

[SMM Precious Metals Market News] Market sources indicated that Peru had issued an emergency decree on the energy crisis. Given that Peru is extremely rich in mineral resources, with its gold, silver, copper, and other mineral reserves ranking among the top in the world, amid the ongoing energy crisis, some small and medium-sized mines with weaker risk resilience, as well as projects already operating at high costs, may face production cuts or even temporary shutdowns. Therefore, close attention should continue to be paid to the supply dynamics of imported silver concentrates and silver-bearing lead concentrates from the Peru region.