On December 29, 2025, the Shanghai Gold Exchange witnessed a significant increase in the midday benchmark price for silver bars (standard weight of 15 kilograms, with a purity of at least 99.99%). The quoted price was $19,414 per kilogram, marking an increase of $863 per kilogram ($4.65%) from the previous trading day's midday benchmark price of $18,551 per kilogram.
The PriceSeek analysis on silver indicates that the rise in spot prices, as reported by the Shanghai Silver market, is due to tight market supply or surge in demand, which significantly benefits the spot market prices. Coupled with data from the Shanghai Futures Exchange, it is evident that silver futures contracts (such as Contract 2601 and 2602) have seen their closing prices and settlement values generally increase (for example, Contract 2601 increased by $856 per kilogram). Changes in open interest and trading volume indicate a strong bullish sentiment in the market. The substantial increase in spot prices may further drive up futures prices, reinforcing an upward trend, thus warranting a major positive rating.