At the beginning of the week, precious metals held up well, and spot supply in the Shenzhen area was relatively tight. 【SMM Daily Review】

Apr 21, 2025, at 5:02 am

According to SMM, the premiums and discounts for spot silver ingot warrants in Shanghai today were quoted at +3 to +5 yuan/kg, while the premiums for large factory silver ingots were quoted at +5 to +8 yuan/kg. Spot trades were limited to just-in-time procurement. In Shenzhen, the supply of circulating goods was relatively tight. The premium quotes from suppliers were not significantly different from those in the Shanghai market, but the trading situation for quotes at TD+4-5 premiums was noticeably better than in the Shanghai market. This week, the bullish sentiment in the precious metals market was strong, and silver prices strengthened in the early trading session. The supply of circulating goods in the market remained tight, with downstream just-in-time procurement being the main activity, and overall market trading was relatively subdued. View SMM's spot precious metals quotes.

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At the beginning of the week, precious metals held up well, and spot supply in the Shenzhen area was relatively tight. 【SMM Daily Review】

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