Overseas Markets Closed, Domestic Silver Prices Consolidate with Strong Risk Aversion Sentiment [SMM Daily Review]

Apr 18, 2025, at 3:54 am

According to SMM, today in Shanghai, the premiums and discounts for spot silver ingot warrants TD were quoted at +2 to +5 yuan/kg, while the premiums for large factory silver ingot TD were +6 to +8 yuan/kg, or a discount of 7-12 yuan/kg against the SHFE silver 2506 contract. Despite traders standing firm on quotes, actual transactions at high premiums were difficult. Approaching the weekend, negative U.S. economic data weighed on precious metal prices, but with overseas markets closed, domestic traders had strong risk aversion sentiment. The silver (T+D) price was in the doldrums, with downstream buyers cautiously watching and making just-in-time procurement in small quantities. Market supply remained tight, and overall market transactions were sluggish. View SMM's spot precious metal quotes.

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Overseas Markets Closed, Domestic Silver Prices Consolidate with Strong Risk Aversion Sentiment [SMM Daily Review]

Secondary Lead: Downstream Battery Producers Maintain Just-in-Time Procurement, Spot Orders Still Lean Towards Primary Market [SMM Lead Midday Review]

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