SMM understood that, at the end of May, smelters tended to export silver ingots. At the same time, due to the change in the price difference between spot silver and the most active SHFE silver contract, purchases in the market improved, and spot quotes rose.
SMM understood that, at the end of May, smelters tended to export silver ingots. At the same time, due to the change in the price difference between spot silver and the most active SHFE silver contract, purchases in the market improved, and spot quotes rose.
As silver prices still hovered at high levels in June, SMM predicts that silver production may remain flat in June from May.
More popular news:
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July
Global Manufacturing PMI Continued To Fall In May, Points To Downturn In Global Economy
SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development
Indonesia Will Launch Nickel Price Index Applied for Domestic Policies and Deter Export Duties on Nickel Products
Chilean Tax Hike Will Deter Copper and Lithium Mine Investment, Push Japanese Mining Companies to Other 24 Countries
Glencore to Aggressively Expand Copper Capacity
World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
