Silver Prices Continued to Fluctuate at High Levels, Some Suppliers Held Back on Sales and Adopted a Wait-and-See Approach [SMM Daily Review]

Published: Mar 27, 2025 11:58

Save

【SMM Daily Review: Silver Prices Continue to Fluctuate at High Levels, Some Suppliers Hold Back and Wait】According to SMM, the premiums and discounts for spot cash national standard silver ingot warrants TD in the Shanghai area today were quoted at -2 yuan/kg to 0 yuan/kg, while the premiums and discounts for large factory silver ingot TD were near parity or at a discount of 21-23 yuan/mt against the 2506 contract.

According to SMM, the TD premiums/discounts for spot standard silver ingot warrants in Shanghai today were quoted at -2 yuan/kg to 0 yuan/kg, while the TD premiums/discounts for large factory silver ingots were quoted near parity or at a discount of 21-23 yuan/mt against the 2506 contract. The price spread between TD and SHFE silver 2506 contract widened today, and some suppliers held back from selling due to being stuck in positions, temporarily refraining from expanding the discount quotes against the 2506 contract. Approaching month-end, some companies closed their accounts after exhausting their invoices for this month, leading to a slight decline in market circulation of goods, and spot trades remained sluggish.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 3, 2026 16:39

Analysts see silver at $90 and gold at $5,000 per ounce by the end of the year

The gold price set a technical signal last week while providing fresh fuel for the debate over its future direction.

Apr 3, 2026 16:39

Apr 2, 2026 14:07

Gold and Silver Plunge: Spot Silver Down 6%, Gold Falls Below $4,600/Ounce

This afternoon, gold and silver plunged rapidly. Among them, spot silver extended its intraday decline to 6%, quoted at $70.37 per ounce. Spot gold fell below $4,600 per ounce, down more than 3%.

Apr 2, 2026 14:07

Mar 30, 2026 17:56

Baiyin Launches $950M Project for 800mt/yr Silver Powder & Paste, Targeting $9B Revenue

Construction Content The project is planned to build a production site for PV and electronic-grade new materials centered on high-purity silver powder and silver paste, supported by intensive precious metal processing and the development of cultural and creative derivative products. Main products include high-purity silver powder (200 mt/year), silver ingots (200 mt/year), PV silver paste (200 mt/year), and silver jewelry cultural and creative products (200 mt/year), with total output value exceeding 9 billion yuan. The technology process adopts efficient electrorefining, with silver purity reaching above 99.995% (up to 6N grade), supporting high-end applications such as semiconductor bonding wires and superconducting materials.

Mar 30, 2026 17:56