Silver Prices Continued to Pull Back on February 27 [SMM Daily Review]

According to SMM, spot cash prices for national standard silver ingots in the Shanghai region were quoted at premiums and discounts ranging from 0-1 yuan/kg to parity, while major producers quoted 1-2 yuan/kg. The Shenzhen 2504 contract was quoted at parity. As month-end approaches, some traders have been pre-selling next week's supplies. This week, silver prices fluctuated downward, spot discounts narrowed again, and downstream buying interest on dips improved.

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