SMM 1# Sliver Ingot
SMM-AG-AG-001USD/kg
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Product
Silver Ingot
Location
Shanghai, China
Definition
In-warehouse, indicator, Shanghai(Minus relevant trade expenses such as transportation-related expenses, taxes, and capital occupation costs), SGE-Ag99.99(T+D)
Quality
"IC-Ag99.99" grade, conforming to the requirements of GB/T4135-2016
VAT
No VAT
Tax Rebate
No tax rebate
Partial Price Collection Notes
Overview:SMM’s 10:00 assessment for SGE Ag(T+D) today was 16,162 yuan/kg, with premium/discount quotes ranging from TD -5 to +5 yuan/kg and a weighted average price of -0.1 yuan/kg. In the spot market, offers today were concentrated in the TD -5 to +5 yuan/kg range. At month-end, suppliers’ willingness to sell was weak, and some enterprises that had cleared inventory suspended offers. The spot-futures price spread continued to narrow; low-priced cargoes were hard to find in the market, actual transactions were sluggish, and sentiment on both bid and offer sides was subdued. In Shanghai, morning quotes were mainly near premium 0; standard silver ingot transactions were concentrated near TD -5 yuan/kg; and trading sentiment was moderate. Today, the market’s premium/discount quote against the most-traded SHFE 2610 contract was premium -45 to -35 yuan/kg.
Upstream: quoted at -45 yuan against the 2610 contract, but transactions were sluggish
Trader: quoted at -5 yuan/kg against T+D
Upstream: national standard brand quotations against the 2610 contract were -40 yuan for current-month invoice
Upstream: Shenzhen national standard brand quotations against the 2610 contract were -35 yuan
Upstream: major brand warrant quotations against the 2610 contract were -35 yuan, and national standard brand warrant quotations against the 2610 contract were -40 yuan
Upstream: Major brand quotations against the 2610 contract were -40 yuan
Historical Data
Daily
1 Month
SMM-AG-AG-001
SMM 1# Sliver Ingot
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Specification
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Aug 31, 2026
Partial Price Collection Notes
Overview:SMM’s 10:00 assessment for SGE Ag(T+D) today was 16,162 yuan/kg, with premium/discount quotes ranging from TD -5 to +5 yuan/kg and a weighted average price of -0.1 yuan/kg. In the spot market, offers today were concentrated in the TD -5 to +5 yuan/kg range. At month-end, suppliers’ willingness to sell was weak, and some enterprises that had cleared inventory suspended offers. The spot-futures price spread continued to narrow; low-priced cargoes were hard to find in the market, actual transactions were sluggish, and sentiment on both bid and offer sides was subdued. In Shanghai, morning quotes were mainly near premium 0; standard silver ingot transactions were concentrated near TD -5 yuan/kg; and trading sentiment was moderate. Today, the market’s premium/discount quote against the most-traded SHFE 2610 contract was premium -45 to -35 yuan/kg.
Upstream: quoted at -45 yuan against the 2610 contract, but transactions were sluggish
Trader: quoted at -5 yuan/kg against T+D
Upstream: national standard brand quotations against the 2610 contract were -40 yuan for current-month invoice
Upstream: Shenzhen national standard brand quotations against the 2610 contract were -35 yuan
Upstream: major brand warrant quotations against the 2610 contract were -35 yuan, and national standard brand warrant quotations against the 2610 contract were -40 yuan
Upstream: Major brand quotations against the 2610 contract were -40 yuan
Historical Data
1M
3M
6M
1Y
3Y
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