Silver prices have fallen continuously, and the spot-futures price spread has narrowed, with slightly improved market transactions [SMM Daily Review]

Silver prices have fallen for two consecutive trading days. Within the day, the spot-futures price spread between the SHFE silver 2510 contract and TD narrowed slightly to within 30 yuan/kg, and suppliers' willingness to sell improved significantly. According to SMM, in the Shanghai area, the national standard silver ingot warrants for spot cash transactions were quoted at a premium of 0-4 yuan/kg against TD, with a few suppliers quoting a premium of 5 yuan/kg against TD but finding it difficult to close deals. Additionally, some suppliers quoted a discount of 21-23 yuan/kg against the SHFE silver 2510 contract for transactions, while large-scale silver ingot suppliers lowered their premium quotes against TD to 5-6 yuan/kg. Downstream buyers actively inquired about prices to buy the dip, leading to an increase in the available supply in the market and a significant improvement in trading activity in the spot market compared to yesterday.