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Silver Prices Fluctuate at High Levels, Spot Market Trades with a Small Discount [SMM Daily Review]
Mar 10, 2025, at 11:45 am
[SMM Daily Review: Silver Prices Fluctuate at High Levels, Spot Market Trades at Small Discounts] According to SMM, the premiums and discounts for cash spot large-brand silver ingots in Shanghai today were quoted at -1 to 0 yuan/kg or at a discount of 2-0 yuan/kg against the SHFE Silver 2504 contract. Macro disturbances combined with risk-aversion sentiment led silver prices to continue fluctuating at high levels. Downstream restocking enthusiasm was weak, making it difficult for large-brand TD to trade on par with, and some traders slightly lowered their quotes to trade at discounts.
According to SMM, the cash spot premiums and discounts for large silver ingots in the Shanghai region were quoted at -1 to 0 yuan/kg or at a discount of 2-0 yuan/kg against the SHFE silver 2504 contract today. Macro disturbances combined with risk-aversion sentiment led silver prices to continue fluctuating at high levels. Downstream restocking enthusiasm was low, making it difficult to conclude transactions at parity for large TD ingots. Some traders slightly lowered their quotes to discounts for transactions.
