On January 30, 2026, the Shanghai Gold Exchange's Shanghai Silver (silver ingots with a standard weight of 15 kg and a fineness of no less than 99.99%, pricing contract) afternoon session benchmark price was 27,980 yuan/kg. This represents a decrease of 1,505 yuan/kg (-5.10%) compared to the morning session benchmark price of 29,485 yuan/kg. Compared to the previous trading day's (January 29) afternoon session benchmark price of 30,300 yuan/kg, it declined by 2,320 yuan/kg (-7.66%).

PriceSeek Analysis: Silver, Bull-Bear Score: -2

The article indicates that on January 30, 2026, the Shanghai Gold Exchange's silver spot afternoon session price was 27,980 yuan/kg, down 5.10% from the morning session and 7.66% from the previous trading day. The significant decline suggests that the spot market is facing substantial downward pressure, likely due to weak demand or oversupply.

Combined with silver futures data, major contracts such as 2610 (closing price 26,828 yuan/kg, down 868 yuan) and 2612 (closing price 26,830 yuan/kg, down 1,049 yuan) also experienced significant declines. Changes in open interest indicate strengthening bearish sentiment (e.g., the open interest for the 2612 contract increased by 2,614 lots). The simultaneous pressure on futures prices reflects an overall market sentiment that is extremely pessimistic, representing a major bearish factor.