Silver Prices V-Shaped Reversal This Week, Spot Discounts Continued to Widen [SMM Silver Weekly Review]
[SMM Silver Weekly Review: Silver Prices Saw a V-Shaped Reversal This Week, with Spot Discounts Continuing to Widen] Silver prices fell first and then rose this week. Mid-week, they plunged sharply, dragged down by a global bond sell-off and a surge in US Treasury yield; subsequently, the Treasury’s expanded buybacks triggered a sharp drop in the US dollar, and silver prices rebounded strongly to regain lost ground. Spot market discounts continued to widen, with insufficient downstream buying interest, forming a divergent pattern of “rising prices, widening discounts.” Inventory buildup totaled 53 mt, while ETF holdings edged down. In the short term, prices were expected to see wild swings; watch the US Treasury yield trend.