Silver prices held up well during the day, and the tight supply of spot cargo in the spot market eased slightly today. In Shanghai, suppliers lowered the premium of large-factory silver ingots against TD to 150-200 yuan/kg, while some other suppliers held back sales and adopted a wait-and-see attitude with premiums against TD at 200-250 yuan/kg. Investment demand in the spot market cooled slightly compared to before the New Year's Day holiday. In Shenzhen, few transactions with high premiums were seen, almost disappearing. After the holiday, processing enterprises resumed operations gradually, and manufacturers such as silver nitrate actively inquired for rigid demand stockpiling. However, due to the low level of social inventory in Shanghai, overall market transactions remained subdued.
