According to SMM, the TD premiums and discounts for cash spot large silver ingots in the Shanghai region were quoted at -1 to 0 yuan/kg, with a discount of 0 yuan/kg against the SHFE silver 2504 contract or a discount of 12 yuan/mt against the 2506 contract. In the Shenzhen region, the TD premiums and discounts for cash spot large silver ingots were quoted at 4 yuan/kg. In the early session, silver prices weakened, and trading in the market was active, with downstream buyers buying the dip. In the second trading session, after silver prices rebounded, some traders slightly lowered the premiums and discounts, and spot trades slightly weakened.
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