Latest Update in the SMM Silver Market

The cost of metals is closely tied to economic conditions and may lead to substantial changes over time, for individuals working in this industry who understand the intricate and multifaceted nature of these influences.

Last week, the Russia-Ukraine conflict intensified, and a US Fed voting member expressed views indicating that next year's interest rates will be lower compared to this year.

SMM, Nov 25: In October, silver ingot exports rose slightly by 1.9%, while imports fell 28.3% MoM;

Today, silver prices slightly fluctuated.

Economic signals, like inflation rates and shifts in interest rates and currency values, greatly influence the prices of metals such as gold and silver in the market. When inflation goes up and currency values decrease in value, investors often seek out metals as a way to protect their investments against inflation. Likewise, when interest rates are low, assets like gold and silver become more appealing despite not generating any income. The strength of a currency also impacts pricing; for instance, a weaker dollar usually leads to higher prices for metals traded in dollars.eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

SMM, Nov 18: Last week, bearish news was frequent.

In October, both the production and sales of silver nitrate declined.

Yesterday, the US October ADP employment number was announced at 233,000, significantly higher than the previous value of 159,000 and the expected value of 114,000, which was bearish for silver prices.