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Shanghai Silver Futures Plunge from 22,000 Yuan to 18,000 Yuan per Kilogram in May

GateNews

2026-05-21 22:59:27

XAGUSD-0.18%

According to China Securities Journal, silver prices in Shanghai and London experienced sharp declines in May, with Shanghai silver futures plunging from above 22,000 yuan per kilogram to below 18,000 yuan per kilogram after an initial rally.

Industry analysts attributed the correction to multiple headwinds including macroeconomic policies, geopolitical tensions, and supply-demand imbalances. Market participants expect continued near-term headwinds, with downside volatility seen as more probable than upside gains.

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