Silver Prices Continued to Fluctuate Upward on March 5, with Spot Market Transactions Shrinking [SMM Daily Review]

게시됨: Mar 5, 2025 14:50
[SMM Daily Review: Silver Prices Continued to Fluctuate Upward on March 5, Spot Market Transactions Declined] According to SMM, today's cash spot prices for national standard silver ingots in the Shanghai area were quoted at -3 yuan/kg to parity, while premiums and discounts for large-scale silver ingots were quoted at 0-1 yuan/kg. The weakening US dollar index supported silver prices to fluctuate upward, but downstream purchasing enthusiasm was low, leading to a decline in market transactions.

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.

》View SMM Precious Metals Spot Prices

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Silver Prices Continued to Fluctuate Upward on March 5, with Spot Market Transactions Shrinking [SMM Daily Review] - Shanghai Metals Market (SMM)