Silver Prices Surge Significantly, Downstream Cautiously Wait and See with Thin Trading [SMM Daily Review]
- Mar 28, 2025, at 4:17 am
SMM Daily Review: Silver Prices Surge Sharply, Downstream Cautiously Wait and See with Thin Trading. According to SMM, the spot warrant premiums and discounts for standard silver ingots in Shanghai today ranged from -1 yuan/kg to 0 yuan/kg, while premiums for large manufacturers ranged from 0-1 yuan/kg. Precious metal prices surged sharply today, leading to a significant decline in downstream procurement orders with only a small amount of just-in-time procurement. Sentiment in the spot market was cautious, resulting in thin trading.
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