Changjiang Nonferrous Metals: Profit-taking positions were concentrated for cashing in, leading to a rapid pullback in silver prices on the 6th, with trading in the spot market being relatively cautious.

On November 6, 2026, the domestic silver market showed a clear weakening trend in the morning trading session. The average market price of Changjiang Spot 1# silver was reported at 12,415 yuan per kilogram, down 350 yuan compared with the previous trading day. The futures market also moved downward simultaneously. As of 11:00 a.m., the main contract of Shanghai silver was quoted at 12,483 yuan per kilogram, down 146 yuan, or a decrease of 1.16%. The price spread between futures and spot prices remained operating within a narrow range.