Silver prices hit a nearly 14-year high, but the "physical sensation" is different among industry chain companies.

On September 1, the international silver price rose sharply, with the COMEX silver price rising to $41.64 per ounce and the London spot silver price increasing to $40.754 per ounce, reaching a new high in nearly 14 years. The price of the main Shanghai silver futures contract also surged, hitting a new high since its listing. With the high silver prices, listed companies such as Shengda Resources and Yugang Jinlian have seen an increase in their stock prices. However, companies along the industry chain are experiencing different effects, as smelting companies' profits depend on factors such as processing fees and inventory costs, while companies with their own mines are facing less pressure.