Silver Prices Fluctuate at High Levels, Spot Market Trades with a Small Discount [SMM Daily Review]

[SMM Daily Review: Silver Prices Fluctuate at High Levels, Spot Market Trades at Small Discounts] According to SMM, the premiums and discounts for cash spot large-brand silver ingots in Shanghai today were quoted at -1 to 0 yuan/kg or at a discount of 2-0 yuan/kg against the SHFE Silver 2504 contract. Macro disturbances combined with risk-aversion sentiment led silver prices to continue fluctuating at high levels. Downstream restocking enthusiasm was weak, making it difficult for large-brand TD to trade on par with, and some traders slightly lowered their quotes to trade at discounts.