Silver prices fluctuate and consolidate, while spot premiums remain stable [SMM Daily Review]

Published: Jul 2, 2025 12:00

Save

Silver prices continued to consolidate sideways within the day. According to SMM, suppliers of national standard silver ingot warrants with spot cash in Shanghai were offering a premium of 3-4 yuan/kg against TD, while large-scale smelters were offering silver ingots at a premium of 5 yuan/kg against TD or a discount of 15 yuan/kg against the SHFE silver 2508 contract. In Jiangxi, cargoes self-picked up from production site at smelters were offered at a premium of 1 yuan/kg against TD or a discount of 18-19 yuan/kg against the SHFE silver 2508 contract. Overall, actual transactions were relatively weak, with suppliers showing low interest in selling, and some suppliers halting trading in the morning session to rest and observe the market.

》Check SMM precious metal spot quotes

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

Feb 6, 2026 17:46

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

Feb 6, 2026 17:46

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27