Domestic silver prices have generally been in the upward tend in recent years. Silver prices were at about 3600 yuan / kg in early 2007, and then started climbing, exceeding a high of 5000 yuan/kg in March, 2008. Silver prices slumped after the global financial crisis broke out, falling below 2300 yuan/kg in December, 2008. Domestic silver prices began rising steadily after the roll-out of loose monetary policies and proactive fiscal policies, reaching as high as 10788 yuan/kg in April, 2011. Then, affected by international markets, domestic silver prices also went through several bouts of wild fluctuations, and trading around 6600 yuan/kg as of April, 2012.

Ag（T+D）price trend on the Shanghai Gold Exchange between 2007-2011

Source：Shanghai Gold Exchange
Note：Data and statistics in 2011 ended on December 30