Today, SMM quoted premiums of TD-20~+10 yuan/kg for the SGE Ag(T+D), with an average of -5 yuan/kg. Market consumption recovered slightly today, with overall inquiries increasing. Some smelters had weak willingness to sell due to low month-end inventory levels, which drove other suppliers' quotations to become firmer, with high-end premiums raised. However, significant price differences still existed among national-standard silver ingots in the market.
In the Shanghai morning session, mainstream quotations from national-standard silver ingot suppliers were quoted at premiums of parity~+10 yuan/kg against TD; in the Shenzhen area, some non-delivery brands remained at discounts. Mainstream transactions in the market leaned toward parity, and the overall trading atmosphere recovered compared to previous days.
![Platinum Prices Continued to Fluctuate Downward, Spot Market Discount Narrowed and Trading Recovered [SMM Daily Review]](https://imgqn.smm.cn/usercenter/SSKOK20251217171734.jpeg)
