SMM

Today, silver prices experienced a slight correction. According to SMM, in the Shanghai area, the TD premium for national standard silver ingot warrants with cash payment and spot delivery was 0-2 yuan/kg, or the silver was quoted at a discount of 6-8 yuan/kg against the SHFE silver 2508 contract. For silver ingots from large manufacturers, the TD premium was 2-3 yuan/kg, but transactions at this premium were relatively difficult. Some suppliers managed to close deals at a slight discount to the TD premium after negotiation. Following the brief correction in silver prices, there was an increase in purchase inquiries in the market. Downstream buyers maintained just-in-time procurement, and market transactions improved slightly.

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