Silver Prices Continue Their Upward Trend, Rising Slightly Amid Thin Market Trading [SMM Daily Review]

Published: Sep 26, 2025 12:00

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Silver prices rose slightly today, continuing their upward trend, with some suppliers suspending quotations after completing destocking ahead of the National Day holiday. During the morning session, suppliers of national standard silver ingots in Shanghai offered a premium of 4-5 yuan/kg against TD or a discount of 50 yuan/mt against the SHFE silver 2512 contract, while suppliers of large-brand silver ingots traded at a premium of 6-7 yuan/kg against TD. Downstream end-users made just-in-time procurement in small quantities, and overall market trading remained subdued.

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