Silver Prices Strengthen as Downstream Observes; Suppliers' Delivery Intentions Increase [SMM Daily Review]

Published: Mar 13, 2025 11:58

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[SMM Daily Review: Silver Prices Strengthen While Downstream Observes; Suppliers Show Increased Delivery Intentions] According to SMM, today's cash spot prices for national standard silver ingots in the Shanghai area were quoted at -4 to -1 yuan per kilogram, while premiums and discounts for large-scale silver ingots were quoted at -2 to 0 yuan per kilogram. With silver prices strengthening, the purchasing enthusiasm in the domestic spot market was extremely low, and some enterprises stated that they would "not stockpile unless necessary." Market transactions were sluggish.

According to SMM, the cash spot prices for national standard silver ingots in Shanghai today were quoted at a discount of 4 yuan/kg to 1 yuan/kg, while the premiums and discounts for large-scale silver ingots were quoted at a range of a discount of 2 yuan/kg to parity. Some suppliers offered spot prices against the SHFE silver 2506 contract at a discount of 15-20 yuan/kg. After the release of overnight US inflation data, silver prices strengthened, but downstream purchasing enthusiasm in the domestic spot market was extremely low, with some enterprises stating "no stockpiling unless necessary." Suppliers offering large-scale TD silver at parity showed clear delivery intentions, and market transactions were sluggish.

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