Silver Prices Maintained a Fluctuating Trend, While Spot Market Premiums Remained Stable [SMM Daily Review]

Published: Mar 6, 2026 12:02

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Silver prices continued to fluctuate within a range. Today, the TD–the most-traded SHFE silver contract spot-futures price spread changed relatively little from yesterday, and spot premiums remained stable. In Shanghai, mainstream quotations from suppliers of national-standard silver ingots were quoted at premiums of +900 yuan/kg against TD. Some major-producer brands or traders with low inventory were quoted at premiums of +900~+1,000 yuan/kg against TD and were reluctant to sell while staying on the sidelines. It was learned that there were still a small number of suppliers in the market who, due to costs and other reasons, were quoted at premiums of +800-900 yuan/kg against TD. Downstream buyers actively negotiated prices and bought the dip. Premiums still differed significantly between mt-level deals and small-lot orders, and spot market trading gradually became more active.

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