Latest Update in the SMM Silver Market

Last week, silver prices showed a trend of first falling and then rising.

The US July JOLTS job openings were reported at 7.673 million, lower than the previous value of 7.91 million and the expected value of 8.1 million, which is bullish for silver.

Last week, market news was relatively stable. Silver prices fluctuated slightly and showed an inverted "V" trend.

Last week, silver prices showed a trend of rising first and then falling.

In July, the imports of unwrought silver with a purity of ≥99.99% were 105.9 mt, up 14.7% MoM, while the exports were 283.2 mt, down 19.3% MoM.

Yesterday, the US July PPI year-on-year value was announced at 2.2%, lower than the previous value of 2.7% and the expected value of 2.3%.

Last night, geopolitical turmoil reignited market risk aversion sentiment, leading to a rise in silver prices.

In July, SMM1# silver production was 1,453.578 mt (including 990.578 mt from mining), up 15.964 mt from June, up 1.1% MoM, and up 7.6% YoY.