
According to SMM, the cash spot prices for national standard silver ingots in the Shanghai market today were quoted at a discount of 3 yuan/kg to parity, while premiums and discounts for large-scale silver ingots were quoted at 0-1 yuan/kg. During the day, the spot-futures price spread for the SHFE silver 2504 contract did not significantly widen, with suppliers quoting a discount of 2-4 yuan/kg against the SHFE silver 2504 contract. The weakening US dollar index supported silver prices to fluctuate upward, but downstream purchasing enthusiasm was low, leading to reduced market trading volumes.

![[SMM 거시 분석] 잭슨홀, 매파적 연준 신호로 9월 금리 인상 기대감 고조](https://imgqn.smm.cn/usercenter/VCNvX20251217171735.jpeg)

