National silver ingot production down 6.5% in June; recovery expected in July-August

Golden Ten Data Futures, July 1 – According to SMM data, China’s national silver ingot production in June was 1,562 tons, a month-on-month decrease of 6.5%. The cumulative production in the first half of the year was 9,773 tons, up 6.9% year-on-year. The decline in output was mainly due to maintenance at copper smelters and suspended production at some manufacturers. Production is expected to recover somewhat in July and August.