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Silver Prices Dip Before Rising as Traders Buy the Dip, Trading Remains Active [SMM Daily Review]

iconMar 11, 2025 12:35
Source:SMM
[SMM Daily Review: Silver Prices Fell Before Rebounding, Traders Bought the Dip with Active Trading] According to SMM, the premiums and discounts for cash spot large-brand silver ingots in Shanghai today were quoted at -1 to 0 yuan/kg or at a discount of 2-0 yuan/kg against the SHFE Silver 2504 contract. Macro disturbances combined with risk-aversion sentiment led silver prices to continue fluctuating at high levels. Downstream restocking enthusiasm was low, making it difficult to conclude transactions at parity for large-brand TD silver. Some traders slightly lowered their quotes to discounts for transactions.

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.

》View SMM Precious Metals Spot Prices

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