Today, silver prices stopped falling and stabilized. According to SMM, suppliers holding warrants for national standard silver ingots in Shanghai, with spot payment and spot delivery, quoted premiums of 4-5 yuan/kg against TD, while large-scale silver ingot producers quoted premiums of 5-7 yuan/kg against TD. The quotes against the SHFE silver 2508 contract remained at a discount of 20 yuan/kg, with a small volume of transactions driven by rigid demand. The fear of falling prices among market traders has eased somewhat. In the morning session, the spot-futures price spread widened briefly, prompting traders to actively purchase spot cargo. Trading activity in the spot market improved slightly WoW.
