Changjiang Nonferrous Metals: Negative factors are intensifying! Silver prices plunged sharply on the 2nd, with the main Shanghai Silver contract tumbling by 5.19%.

On November 2, 2026, the average price of Changjiang Spot 1# silver was 11,800 yuan per kilogram, down 415 yuan from the previous trading day. As of 11:00 a.m., the main contract of Shanghai silver was quoted at 11,732 yuan per kilogram, down 642 yuan, or 5.19%. The domestic silver market has seen a significant correction, with futures and spot prices declining simultaneously, and market selling pressure has been intensively released.