Silver Prices Rebound Slightly on March 3, Market Transactions Remain Sluggish [SMM Daily Review]

Published: Mar 3, 2025 17:41

Save

[SMM Daily Review: Silver Prices Rebounded Slightly on March 3, Market Transactions Remained Sluggish] According to SMM, the premiums and discounts for cash spot national standard silver ingots in the Shanghai market were quoted at a discount of 2-0 yuan/kg today, with major suppliers offering on par with the market for transactions. During the day, the spot-futures price spread inverted, and the discount of suppliers against the SHFE silver 2504 contract narrowed significantly compared to yesterday.

According to SMM, the premiums and discounts for cash spot national standard silver ingots in Shanghai today were quoted at a discount of 2-0 yuan/kg, with major suppliers transacting on par with. The spot-futures price spread inverted during the day, and the discounts offered by suppliers against the SHFE silver 2504 contract narrowed significantly compared to yesterday. Some suppliers in Shanghai quoted discounts of 3-0 yuan/mt against the SHFE silver 2504 contract, while suppliers in Shenzhen quoted discounts of 2 yuan/mt to premiums of 3 yuan/mt against the SHFE silver 2504 contract. Silver prices strengthened slightly, downstream buyers remained cautious, and overall market transactions were sluggish.

》View SMM Precious Metals Spot Prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 17:46

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

Feb 6, 2026 17:46

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27