[SMM Silver Market Flash News] According to SMM, as the delivery of the SHFE silver contract for June approaches, the spot-futures price spread has narrowed. Coupled with factors such as weakening downstream consumption and a decline in spot premiums, the expected transfer of inventory by suppliers to delivery warehouses has materialized. As scheduled, registered warrants increased this Friday. However, there is still destocking of spot cargo in some social warehouses. The expected silver ingot exports in June may limit the extent of domestic inventory accumulation.