With the strong holiday atmosphere and silver prices fluctuating at highs, trading in the spot silver market remained sluggish. [SMM Daily Review]

Approaching the Mid-Autumn Festival and National Day holidays, coupled with downstream companies taking breaks successively, multiple suppliers took early holidays and suspended quotations. In the Shanghai area, a small quantity of large-factory silver ingots were quoted at a premium of 5-6 yuan/kg against TD. Some traders actively inquired and built positions, but due to limited circulating spot cargo in the market, actual transactions were thin. Downstream demand may be delayed until after the National Day holiday. The holiday atmosphere was strong today, and market transactions were thin.