Silver Prices Continue to Hold Up Well, Spot Market Maintains High Premium Quotes [SMM Daily Review]

According to SMM, the spot-futures price spread for TD warrants of national standard silver ingots in Shanghai today remained at +5~+6 yuan/kg. Some suppliers sold spot cargo at a TD premium of 3-4 yuan/kg. As the weekend and Labour Day holiday approached, traders in the market preferred to trade warrant spot cargo for risk aversion. The spot-futures price spread expanded to nearly 20 yuan/kg in the early trading session today, and the spot inventory in Shanghai continued to destock with limited circulating supply. The TD premium in Shanghai remained high recently. Domestic silver prices once again stood at a high of 8,300 yuan/kg, with downstream buyers cautiously watching and thin trading. Market transactions were mainly between traders for position building. 》View SMM precious metals spot prices