Analysis: China has not implemented a "case-by-case review" for silver exports, only export control reviews are enforced.

According to Odaily, TVBee posted on X stating that regarding the reasons for the rise in silver prices, there are market rumors about restrictions on silver exports. In October, the Ministry of Commerce issued a declaration document for export enterprises, requiring old enterprises to have export performance and new enterprises to have an annual production of no less than 80 tons, but did not restrict export quantities. The review notice released on December 12 shows that among the 50 companies applying for silver export, 32 are existing qualified enterprises and 12 are new applicants that meet the requirements. China's supply of silver to the international market may become somewhat tighter, aiming to guide export flows rather than to ban exports. Currently, there is no evidence that each silver export order is being reviewed. Investors should remain cautious when conducting spot silver trading or taking long or short positions.