SMM

According to SMM, the premiums and discounts for warrant TD of national standard silver ingots quoted for spot cargo with cash payment in Shanghai this morning were 3-4 yuan/kg. Silver prices rebounded and rose today. The delivery of the SHFE silver 2505 contract took place mid-week, and the available supply in the market decreased. Compared with yesterday, spot transactions became less active. In addition, some large-scale plants offered discounts of 2-3 yuan/kg against the SHFE silver 2506 contract or premiums of 6-8 yuan/kg against warrant TD for their silver ingots. The easing of trade conflicts has gradually led to the fading of the precious metals' safe-haven sentiment. After a period of consolidation, silver prices slightly rebounded. After some downstream enterprises completed their inventory replenishment at low prices, market transactions gradually slowed down as the weekend approached.

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