Latest Update in the SMM Other Precious Metals Market

[SMM Daily Review: Silver Prices Rose Slightly on January 7] The ex-factory reference average price of SMM #1 silver in the morning was 7,683 yuan/kg, with the average price rising by 46 yuan/kg compared to yesterday, an increase of 0.6%.

[SMM Daily Review: Silver Prices Rose Slightly on January 6] The SMM 1# Silver ex-factory reference average price in the morning was 7,637 yuan/kg, with the average price rising 30 yuan/kg WoW, an increase of 0.4%.

[SMM Analysis: Silver Nitrate Production Declined in December?] Silver nitrate production in December fell 8.7% MoM and 11.4% YoY.

[SMM Analysis: What Will the Silver Nitrate Market Look Like in 2025?] According to an SMM survey, silver nitrate production in 2024 is 9,381 mt. Some self-use enterprises and reagent companies were not tracked, and the full-year silver nitrate production is estimated to be 11,500-12,000 mt. Silver nitrate production for the full year of 2024 is expected to increase by 15%-20% YoY.

[SMM Analysis: Active Restocking After New Year's Day This Week, Silver Prices Rise] This week, due to the New Year's Day holiday, the market cleared out inventory before the holiday. After New Year's Day, the demand for silver procurement increased, and the silver spot market showed a very strong performance.

[SMM Flash News: Safe-Haven Sentiment Supports Precious Metals' Counter-Trend Rise, Pre-Holiday Restocking Drives Spot Silver Transactions Increase] On January 3, safe-haven sentiment supported precious metals futures, which rose during the first two trading days after the holiday. As of 14:50 on January 3, precious metals futures were all on the rise. Among them, COMEX gold extended its gains from the previous two trading days, rising by 0.19% to $2,674.2 per ounce; COMEX silver continued its upward trend from the previous trading day, increasing by 0.45% to $30.035 per ounce; SHFE gold also extended its gains from the previous trading day, rising by 0.87%.

【SMM Daily Review: Silver Prices Rose on January 2】The SMM 1# silver ex-factory reference average price in the morning was 7,584 yuan/kg, an increase of 144 yuan/kg compared to Tuesday, with a rise of 1.9%...

【SMM Daily Review: Silver Prices Fell on December 31】The SMM 1# silver ex-factory reference price in the morning was 7,440 yuan/kg, with the average price down by 82 yuan/kg compared to yesterday, a decrease of 1%.