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Precious metals · Comment Analysis 11-03 Published

Silver strengthened on November 3rd, with Spot Silver rising by 215 yuan, and Shanghai Silver rallied in the early trading session.

On November 3rd, the domestic silver market witnessed a notable rebound in the morning trading, with both futures and spot prices rising simultaneously, and market trading sentiment picked up to some extent. On that day, the average price of Changjiang Spot 1# silver stood at 12,015 yuan per kilogram, up 215 yuan compared with the previous trading day; as of 11:00 a.m., the main Shanghai silver contract was quoted at 11,980 yuan per kilogram, up 226 yuan, or 1.92%, with the short-term bullish forces on the market being intensively released.

✍️ CCMN yangxf Editorial Team
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