According to SMM, spot cash transactions for national standard silver ingots in the Shanghai market were quoted at discounts of 2-1 yuan/kg against TD or at a discount of 22 yuan/kg against the SHFE silver 2506 contract and 2-0 yuan/kg against the SHFE silver 2504 contract. The spot-futures price spread slightly widened during the day, and trading in the market was active. TD premiums and discounts for large-scale silver ingots remained near parity, while Yuguang and Wanyang brand silver in the Shanghai market were quoted at premiums of 2-3 yuan/mt against TD. Some suppliers slightly raised premiums and stood firm on quotes after inventory declined.
