On November 4, the domestic silver market saw a notable correction, with both spot and futures weakening simultaneously. The exit of speculative funds drove prices down rapidly. The average price of Changjiang Spot 1# silver was reported at 11,820 yuan per kilogram, down 195 yuan from the previous trading day. As of 11:00 a.m., the Shanghai silver main contract stood at 11,718 yuan per kilogram, down 295 yuan, or a 2.46% drop, with the intraday volatility significantly amplified.
On November 4, the domestic silver market saw a notable correction, with both spot and futures weakening simultaneously. The exit of speculative funds drove prices down rapidly. The average price of Changjiang Spot 1# silver was reported at 11,820 yuan per kilogram, down 195 yuan from the previous trading day. As of 11:00 a.m., the Shanghai silver main contract stood at 11,718 yuan per kilogram, down 295 yuan, or a 2.46% drop, with the intraday volatility significantly amplified.