On February 9, 2026, the Shanghai Gold Exchange reported the midday benchmark price for Shanghai Silver (standard weight 15 kg, silver ingots with a purity not less than 99.99%, pricing contract) at 19,649 yuan/kg, down 61 yuan/kg (-0.31%) from the morning benchmark price of 19,710 yuan/kg. Compared to the midday benchmark price of 18,427 yuan/kg on the previous trading day (February 6), it increased by 1,222 yuan/kg (6.63%).

PriceSeek analysis of silver: Bullish-Bearish Score: 1.5
The article indicates that the midday spot price for silver is 19,649 yuan/kg, down 0.31% (61 yuan) from the morning, reflecting short-term market adjustment pressure. However, it increased by 6.63% (1,222 yuan) compared to the previous trading day, indicating strong medium-term demand and favorable fundamentals. Combined with the futures market, the main contract, such as 2612, closed at 19,613 yuan, up 1,175 yuan, with open interest increasing by 453 lots, showing strong market optimism and expectations of tight supply or rising investment demand. Overall, positive factors dominate, but short-term volatility has lowered the score to the 1.5 range.