[Analysis: China has not implemented a 'case-by-case review' management for silver exports, only enforced export control reviews] Odaily Planet Daily reported that TVBee posted on the X platform, stating that there are market rumors regarding restrictions on silver exports as a reason for the rise in silver prices. In October, the Ministry of Commerce issued a declaration document for export enterprises, requiring existing enterprises to have export performance records and new enterprises to have an annual production capacity of no less than 80 tons, without limiting export quantities. According to the review notice released on December 12, among the 50 companies applying for silver export, 32 were existing qualified enterprises, and 12 were new applicants that met the requirements. China's supply of silver to the international market may have tightened, aiming to guide export flows rather than prohibit exports. Currently, there is no evidence indicating that each silver export order is being reviewed. Investors should remain cautious when engaging in spot silver trading or taking long or short positions.