Latest Update in the SMM Silver Market

【SMM Daily Review: Silver Prices Rose Slightly on January 15】The SMM 1# Silver ex-factory reference average price in the morning was 7,604 yuan/kg, an increase of 7 yuan/kg compared to yesterday, with a rise of 0.09%.

[SMM Daily Review: January 14 Price Decline, Demand Emerges] The SMM 1# Silver ex-factory reference average price in the morning was 7,597 yuan/kg, down 173 yuan/kg from yesterday, a decrease of 2.2%.

[SMM Daily Review: Prices Rose Slightly on January 13] The SMM 1# silver ex-factory reference average price in the morning was 7,770 yuan/kg, an increase of 13 yuan/kg compared to last Friday, with a growth rate of 0.2%.

[SMM Flash News: Precious Metals Sector Rises, Chifeng Gold Leads the Gains, Silver Enterprises Actively Procure Low-Cost Supplies Despite No Holiday] The uncertainty of Trump's policies has boosted market demand for safe-haven assets, leading to some capital inflows into precious metals. However, the US non-farm payrolls data, which exceeded expectations, limited the upside potential of precious metals, causing precious metals futures to fluctuate rangebound on Monday. As of 14:12 on January 13, COMEX gold rose 0.01% to $2,715.3 per ounce; COMEX silver fell 0.36% to $31.2 per ounce; SHFE gold rose 0.55%; SHFE silver fell 0.41.

[SMM Analysis: US Fed Interest Rate Cut in December Materialized, Downstream Pre-Holiday Purchase Awaited] The US Fed's interest rate cut in December materialized, meeting market expectations with a 25-basis-point cut, bringing the federal funds rate to 4.5%-4.75%. Hawkish sentiment dominated the market, suppressing silver prices in the middle and latter part of the month.

[SMM Analysis: December Silver Production Dropped Slightly] The production of #1 silver in December fell 0.5% MoM and 1.5% YoY.

[SMM Analysis: Silver Fluctuated Upward Slightly This Week, Strong Trading at the Beginning of the Week] This week, influenced by risk-averse sentiment and exchange rate fluctuations, silver prices rose slightly. The ex-factory reference average price of SMM #1 silver this week was 7,637-7,757 yuan/kg. The spot-futures price spread narrowed at the beginning of the week, with good trading activity initially, followed by a decline in trading enthusiasm.

【SMM Daily Review: Silver Prices Slightly Fluctuated on January 9】The ex-factory reference average price of SMM #1 Silver in the morning was 7,718 yuan/kg, with the average price down by 4 yuan/kg compared to yesterday, a decrease of 0.05%...