Odaily Planet Daily reports that TVBee posted on the X platform stating that regarding the reasons for the rise in silver prices, there are market rumors about export restrictions on silver. The Ministry of Commerce released a declaration document for export enterprises in October, requiring old enterprises to have export performance, and new enterprises to have an annual output of no less than 80 tons, without restricting export quantities. The review notice issued on December 12 shows that among 50 enterprises applying for silver exports, 32 existing qualified enterprises and 12 new applicants meet the requirements. China’s supply of silver to the international market may be tightening, aiming to control export flows rather than banning exports. Currently, there is no evidence of review for each silver export order, and investors should remain cautious when engaging in spot silver trading or long and short positions.
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