Silver Prices Retreat from Highs, Downstream Industries Stockpile on Rigid Demand, Spot Premiums Gradually Return [SMM Daily Review]

Published: Jan 8, 2026 12:01

Save

During the day, silver prices experienced a slight correction, and the tight supply of spot cargo in the spot market gradually eased. In the Shanghai area, suppliers' large-factory silver ingot premiums against TD were lowered to 100-150 yuan/kg. In the morning session, a few suppliers completed small trades with TD premiums of 150-200 yuan/kg. Investment demand in the spot market weakened, and in the Shenzhen area, there were occasional offers for tax-excluded spot cargo almost on par with TD. After silver prices weakened, investment enthusiasm noticeably declined. Downstream enterprises actively inquired and negotiated prices, with moderate rigid stocking demand, and premium quotes in the spot market gradually returned to normal.

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