Silver Prices First Fell Then Rose, Spot Market Transactions Slightly Weakened [SMM Daily Review]

According to SMM, the premiums and discounts for spot silver ingot warrants in Shanghai today were quoted at -1 yuan/kg to 0 yuan/kg, or at a discount of 15-17 yuan/kg against the SHFE silver 2406 contract. Due to the widening of the SHFE silver-TD spot-futures price spread during the second trading session, some suppliers slightly increased the discount to 18-20 yuan/kg against the SHFE silver 2406 contract, while major silver ingot suppliers still quoted premiums and discounts of 0-2 yuan/kg for TD. Trading was relatively active before 10:00 AM, with some suppliers temporarily suspending quotes after clearing their inventories. As silver prices rose, downstream buyers became cautious and adopted a wait-and-see approach, leading to a decline in trading activity. View SMM precious metals spot price quotes.