According to SMM, cash spot prices for national standard silver ingots in the Shanghai region today were quoted at a discount of 4 yuan/kg to parity, while premiums and discounts for large silver ingots were quoted at 0-2 yuan/kg. During the day, the spot-futures price spread for the SHFE silver 2504 contract narrowed to around 0 yuan/kg. Some suppliers narrowed their discounts against the SHFE silver 2504 contract to 2-4 yuan/kg. Silver prices fluctuated at high levels, downstream purchasing enthusiasm was weak, and some suppliers slightly widened their discounts compared to yesterday's quotes to facilitate transactions. Market consumption remained sluggish.
![[SMM 거시 분석] 잭슨홀, 매파적 연준 신호로 9월 금리 인상 기대감 고조](https://imgqn.smm.cn/usercenter/VCNvX20251217171735.jpeg)
