Silver Prices Weakened in Early Trading with Active Spot Market Trading [SMM Daily Review]

According to SMM, today in the Shanghai area, the TD premiums and discounts for physical standard silver ingots with cash payment were quoted at -2 to 0 yuan/kg, while for non-delivery brand standard silver ingots, the TD premiums and discounts were quoted at -2 yuan/kg. The premiums and discounts for large factory silver ingots were quoted at -1 to +2 yuan/kg. Some suppliers in the Shanghai area reported a small volume of transactions for Yuguang lead TD at +5 yuan/mt, and other suppliers quoted a discount of 20-25 yuan/kg against the SHFE silver 2506 contract. In the morning session, silver prices saw a slight correction, market inquiries increased, and spot market transactions were active.