Ming Bao Bank: The tense situation in the physical market may begin to ease as silver is transported from the Comex warehouse to Europe.

Silver prices hit a record high earlier this week, despite the Trump administration's decision to temporarily suspend import tariffs on key minerals. While silver prices have recently fallen, there is still hope for a 15% increase this week. An analyst at Shanghai Pudong Development Bank said, "Silver continues to attract speculative interest, with increasing interest from both buyers and sellers leading to volatile prices and challenging trading conditions." The bank stated that as silver is returning from Comex warehouses to Europe, the tight physical market situation is beginning to ease, and the high prices may help to rebalance the market pressure on industrial users. However, speculative demand from China remains strong, with Shanghai silver prices still nearly $10 higher than London silver prices.