Silver Ingot Market Rebounded Over 4%, Spot Cargo Struggled to Catch Up with Premiums Narrowing [SMM Daily Review]

Published: Apr 15, 2026 11:14

Save

[SMM Daily Review: Silver Ingot Market Rebounded Over 4%, Spot Struggled to Catch Up with Premiums Narrowing] SMM reported on April 15 that, boosted by expectations of US-Iran peace talks, silver T+D rose over 4%. However, the spot market struggled to catch up, with transactions mostly at parity, and sluggish trading continued.

Today, SMM silver ingot spot quotes were mainly at parity or slight premiums, with the overall market performing weakly and quotes continuing to decline.

Macro perspective, influenced by the shift toward US-Iran peace talk sentiment, silver T+D rose more than 4% today. Spot side, suppliers still showed willingness to hold prices firm in the early morning, with offers at a premium of 10-30 yuan/kg over TD. However, as shipments increased and demand remained in the doldrums, actual transaction prices continued to decline, with mainstream transactions in the Shenzhen market gradually moving toward parity.

Overall, silver prices briefly ended their weak consolidation and rebounded slightly. However, the spot market lacked momentum to follow the rally, and actual trading remained sluggish. Future trends still depend on the impact of macro events such as the Middle East situation.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Atico Mining Advances La Plata Project Toward Construction

Atico Mining Corporation has secured key environmental permits for its La Plata copper-gold project in Ecuador, marking a major milestone toward construction readiness. The company confirmed that Ecuador’s Ministry of Environment granted the Environmental License along with additional regulatory registrations, enabling further progress toward development. CEO Fernando Ganoza stated the project is now nearing a construction decision, expected in Q2-Q3 2026, following years of exploration, feasibility studies, and environmental assessments.

8 hours ago

17 hours ago

Vietnam Advances Plan for National Gold Exchange Platform, Targeted for Launch in 2026

Vietnam is moving toward establishing a national gold trading platform, transitioning from traditional gold shops to a centralized, digital, account-based system. The initiative aims to mobilize idle gold resources, improve market transparency, and reduce pressure on foreign exchange management. The Prime Minister has requested relevant ministries and agencies to urgently develop the exchange and target its operation before February 10, 2026; however, the project is still under review.

17 hours ago

18 hours ago

Platinum Prices Continued to Hold Up Well, Downstream Buyers Mostly Waited and Watched as Trading Remained Sluggish [SMM Daily Review]

18 hours ago