Imported silver ingots are being sold at lower prices, easing supply pressure slightly

This week, in the silver ingot trading market, some holders report that, given that domestic spot premiums have started to decline and that there is no expectation of further premium increases in the market, import profitability can no longer support the locked-pricing transactions for April import orders. At present, whether for imported large ingots or small ingots, spot prices are generally being cut with selloffs. Some holders, driven by the need to recoup funds, or concerned that spot premiums will continue to fall in the future, even choose to sell at a loss. As the weekend approaches, the available supply of imported silver ingots in the spot market and expectations for short-term supply gradually decrease, so supply pressure in the market has eased somewhat. (SMM)