Silver Ingot Market Consolidated Weakly, Downstream Waited and Watched with Sluggish Trading [SMM Daily Review]

Published: Apr 14, 2026 11:36

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[SMM Daily Review: Silver Ingot Market in the Doldrums, Traders Held Firm on Offers but Downstream Purchase Willingness Remained Sluggish] SMM reported on April 14 that silver ingot transactions were sluggish, downstream buyers stayed on the sidelines, and the market continued to consolidate on a weak note.

Today, SMM silver ingot spot quotes were mainly at parity or with slight premiums. The market continued its previous downward trend, with premiums remaining generally stable and trading activity sluggish.

In the Shanghai region, a small volume of transactions showed slight premiums. Suppliers had a strong willingness to hold prices firm, with some holding back from selling at premiums of 20-30 yuan/kg over TD, but actual transactions were scarce. Early morning transactions leaned toward parity, as downstream wait-and-see sentiment was strong and demand remained weak. Overall, the market was still in a phase of weak consolidation.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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