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

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.