Silver prices saw a slight rebound today. According to SMM, the overnight weakness in silver prices spurred active buying in the market, and after the rebound in silver prices today, trading activity became slightly sluggish. In Shanghai today, the TD premium for national standard silver ingot warrants with cash and spot delivery remained at a quote of 2-3 yuan/kg or a discount of 8-10 yuan/kg against the SHFE silver 2508 contract. Cargoes self-picked up from smelters were quoted at parity with TD or a discount of 15 yuan/kg against the SHFE silver 2508 contract. Downstream enterprises made just-in-time procurement through price negotiations, and some suppliers refused to budge on prices, making it relatively difficult to close deals.
