[SMM Flash News] On the first trading day after the holiday, the spot-futures price spread between the SHFE silver 2506 contract and TD widened. Multiple suppliers indicated that their positions were trapped, leading them to stand firm on quotes and hold back on sales. During certain periods, the spot-futures price spread between the most-traded SHFE silver contract and TD exceeded 20 yuan/kg. The mainstream transaction prices for national standard silver in the Shanghai market hovered around TD+5 yuan/kg. A trader stated that their intention today was to quote TD+2-3 yuan/kg for national standard silver in the Shanghai market to establish positions and purchase, but there were hardly any transactions. On the first trading day after the holiday, suppliers showed low willingness to sell, with strong wait-and-see sentiment.