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Silver Prices Continued to Pull Back on February 27 [SMM Daily Review]
Feb 28, 2025, at 1:06 pm
[SMM Daily Review: Silver Prices Continued to Retreat on February 27] According to SMM, spot national standard silver ingots with cash settlement in Shanghai were quoted at premiums and discounts of 0-1 yuan/kg to parity. Silver prices fluctuated downward this week, and spot discounts narrowed again, while downstream buying the dip showed some improvement.
According to SMM, spot cash prices for national standard silver ingots in the Shanghai region were quoted at premiums and discounts ranging from 0-1 yuan/kg to parity, while major producers quoted 1-2 yuan/kg. The Shenzhen 2504 contract was quoted at parity. As month-end approaches, some traders have been pre-selling next week's supplies. This week, silver prices fluctuated downward, spot discounts narrowed again, and downstream buying interest on dips improved.
