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Silver Prices Rebound Slightly on March 3, Market Transactions Remain Sluggish [SMM Daily Review]
Mar 03, 2025, at 9:41 am
[SMM Daily Review: Silver Prices Rebounded Slightly on March 3, Market Transactions Remained Sluggish]
According to SMM, the premiums and discounts for cash spot national standard silver ingots in the Shanghai market were quoted at a discount of 2-0 yuan/kg today, with major suppliers offering on par with the market for transactions. During the day, the spot-futures price spread inverted, and the discount of suppliers against the SHFE silver 2504 contract narrowed significantly compared to yesterday.
According to SMM, the premiums and discounts for cash spot national standard silver ingots in Shanghai today were quoted at a discount of 2-0 yuan/kg, with major suppliers transacting on par with. The spot-futures price spread inverted during the day, and the discounts offered by suppliers against the SHFE silver 2504 contract narrowed significantly compared to yesterday. Some suppliers in Shanghai quoted discounts of 3-0 yuan/mt against the SHFE silver 2504 contract, while suppliers in Shenzhen quoted discounts of 2 yuan/mt to premiums of 3 yuan/mt against the SHFE silver 2504 contract. Silver prices strengthened slightly, downstream buyers remained cautious, and overall market transactions were sluggish.
