Silver Prices Hit New Highs Again; Spot Market Sentiment Remains Cautious with Sparse Transactions [SMM Daily Review]
Mar 14, 2025 11:52Source:SMM
[SMM Daily Review: Silver Prices Hit New Highs Again, Spot Market Sentiment Remains Cautious with Sparse Transactions] According to SMM, today's cash spot quotations for national standard silver ingots in the Shanghai area ranged from -2 yuan/kg to 1 yuan/kg, while premiums and discounts for large silver ingots were quoted at 0-3 yuan/kg, with transactions at premiums being relatively difficult. Overnight, New York silver prices hit new highs, and domestic silver prices strengthened in tandem. Buyers' willingness to price decreased, and market transactions declined significantly compared to yesterday.
According to SMM, the cash spot prices for national standard silver ingots in Shanghai today were quoted at a discount of 2 yuan/kg to a premium of 1 yuan/kg, while premiums and discounts for large silver ingots were quoted at 0-3 yuan/kg, with transactions at premiums being relatively difficult. Additionally, there were "flat" quotes at parity against the SHFE silver 2504 contract or at a discount of 15-20 yuan/kg against the SHFE silver 2506 contract, as well as quotes from suppliers intending to transfer to delivery warehouses. Overnight, New York silver prices hit a new high, and domestic silver prices strengthened in tandem. Buyers' willingness to price on a point basis declined, and market transactions dropped significantly compared to yesterday.》View SMM Precious Metals Spot Prices