The price of silver continued to rise today. The opening price of spot silver was $29.955 per ounce. The SMM 1# silver ex-factory reference average price in the morning was 7,722 yuan per kilogram, an increase of 39 yuan per kilogram compared to yesterday, with a growth rate of 0.5%. According to SMM, major factories in the Shanghai area quoted prices between 2-4 yuan per kilogram today. Market transactions were average, with downstream buyers preferring spot cargoes with low premiums or discounts. Market transactions and sales urgency were not high.
Silver Prices Rise Slightly on January 8 [SMM Daily Review]
- Jan 08, 2025, at 6:11 pm
[SMM Daily Review: Silver Prices Rose Slightly on January 8] The ex-factory reference average price of SMM #1 silver in the morning was 7,722 yuan/kg, an increase of 39 yuan/kg compared to yesterday, with a rise of 0.5%.
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