According to SMM, spot cash transactions for national standard silver ingots in the Shanghai market were quoted at discounts of 2-1 yuan/kg against TD or at a discount of 22 yuan/kg against the SHFE silver 2506 contract and 2-0 yuan/kg against the SHFE silver 2504 contract. The spot-futures price spread slightly widened during the day, and trading in the market was active. TD premiums and discounts for large-scale silver ingots remained near parity, while Yuguang and Wanyang brand silver in the Shanghai market were quoted at premiums of 2-3 yuan/mt against TD. Some suppliers slightly raised premiums and stood firm on quotes after inventory declined.
Silver Prices Fluctuate at High Levels, Spot-Futures Price Spread Slightly Widens, and Market Transactions Improve Slightly [SMM Daily Review]
- Mar 19, 2025, at 5:11 am
[SMM Daily Review: Silver Prices Fluctuated at High Levels, Spot-Futures Price Spread Slightly Widened, and Market Transactions Improved Slightly] According to SMM, in the Shanghai region today, cash spot national standard silver ingots were quoted at a discount of 2 yuan/kg to 1 yuan/kg against TD, a discount of 22 yuan/kg against the SHFE silver 2506 contract, and a discount of 2-0 yuan/kg against the SHFE silver 2504 contract. During the day, the spot-futures price spread slightly widened, and trading activity in the market was active.
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