SMM data show China’s refiner inventories of silver ingots fell 17% MoM in June,
primarily due to tighter domestic supply and an opened export window. Refiners
stepped up exports during the month, driving notable end‑month stock draws.
2026-07-01
SMM data show China’s refiner inventories of silver ingots fell 17% MoM in June,
primarily due to tighter domestic supply and an opened export window. Refiners
stepped up exports during the month, driving notable end‑month stock draws.