[SMM Silver Market Update] Post-Holiday Silver Ingot Spot Supply Tightens, Premiums Edge Up
[SMM Silver Market Update] On February 24, SMM reported that the tight supply of silver ingots in the domestic spot market has persisted after the Chinese New Year. Suppliers showed strong willingness to hold prices firm, and spot premiums rose slightly compared to pre-holiday levels. During the morning session, mainstream transaction prices for standard silver ingots were at a premium of 1,800-2,000 yuan/kg over the Shanghai Gold Exchange silver deferred contract (Ag(T+D)); spot orders for less than 100 kg commanded even higher premiums.