The price of silver rose slightly today. The opening price of spot silver was $29.89 per ounce, and the SMM 1# silver ex-factory reference average price in the morning was 7,683 yuan per kilogram, up 46 yuan per kilogram from yesterday, with an increase of 0.6%. According to SMM, today's market quotes for TD remained relatively stable, with premiums and discounts for national standard warehouse warrants quoted around TD+2, and premiums and discounts for large factory spot silver quoted at 3-5 yuan per kilogram. The spot-futures price spread still fluctuated rapidly today, narrowing at the opening and then slightly widening. Market purchase sentiment today was weaker than yesterday.
Silver Prices Rise Slightly on January 7 [SMM Daily Review]
- Jan 07, 2025, at 5:28 pm
[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%.
- PREVIOUS ARTICLE4 days ago
December Operating Rates of Copper Billet Producers Rose Consecutively Amid Peak Season Effect and Tariff Concerns [SMM Analysis]
- NEXT ARTICLE4 days ago
Chinese New Year Approaching, Steel Mill Annual Shutdowns Increase, January Construction Material Supply Continues to Decrease [SMM Rebar Production Schedule]
