On January 5, 2026, the Shanghai Gold Exchange reported the midday benchmark price for Shanghai Silver (silver ingots with a standard weight of 15 kilograms and a fineness of no less than 99.99%, as per the pricing contract) at 18,296 yuan per kilogram. This represents an increase of 1,292 yuan per kilogram (7.60%) compared to the midday benchmark price of 17,004 yuan per kilogram on the previous trading day (December 31).