According to SMM, the TD premiums and discounts for cash spot large silver ingots in the Shanghai region today were quoted at -1 to 0 yuan/kg, with a premium of 0-2 yuan/kg against the SHFE Silver 2504 contract or a discount of 12-16 yuan/mt against the 2506 contract. Except for a few traders who cleared inventories at low prices yesterday and suspended offers today, most suppliers actively quoted prices, but transactions remained sluggish. After silver prices stabilized again at the 8,000 yuan/mt level, buyers became cautious and hesitant, reducing their willingness to inquire, and transactions slightly weakened.
