Silver prices weakened slightly during the day. Suppliers of warrants for national standard silver ingots with spot cargo paid in cash in Shanghai maintained a TD premium of 3 yuan/kg or a discount of 10-13 yuan/kg against the SHFE silver 2508 contract. Silver ingots from large factories had a TD premium of 3-5 yuan/kg. Spot transactions remained sluggish during the day. With the advance commencement of PV terminal production in Q3, downstream consumption demand declined. After silver prices weakened, some enterprises bought the dip, but overall market transactions remained weak.
Silver prices are in the doldrums, with downstream rigid demand declining and a small amount of buying the dip [SMM Daily Review]
- Jul 09, 2025, at 12:00 pm
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