Silver Prices in the Doldrums Intraday, Spot Market Premium Continues Downward Trend [SMM Daily Review]

Published: Apr 17, 2026 10:14

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Today, SMM's premium range quote for the SGE Ag(T+D) was TD -10 to +10 yuan/kg, with an average of +0 yuan/kg. The spot market saw relatively high shipments, but overall consumption remained sluggish. In the morning, suppliers offered at TD +0-10 yuan/kg, while downstream purchase willingness was low, with intended prices generally around TD -10 yuan/kg. The price spread between offers and bids was wide, and transaction prices were mainly at parity, with a small volume of national-standard silver transacted at -10 yuan/kg. Traders had low willingness to sell at a discount, opting to consider registering warrants or securing floor prices with banking institutions. Overall trading remained persistently sluggish.

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