Group 1 - The silver price is experiencing slight upward fluctuations at high levels, with the TD-Hu silver main contract 2602 basis narrowing, alongside a decline in terminal consumption in the photovoltaic sector [1][2] - In Shanghai, the mainstream quotation for national standard silver ingots has been adjusted down to a premium of 20-25 yuan per kilogram against TD or a discount of 5-10 yuan per kilogram against the Shanghai silver 2602 contract [1][2] - Some large manufacturers are maintaining prices, quoting a premium of 10 yuan per kilogram against the Shanghai silver 2602 contract or a premium of 35-40 yuan per kilogram against TD, indicating a reluctance to sell [1][2] - The downstream terminals are actively negotiating prices and are making small purchases at lower premiums, while discrepancies in quotations among holders persist, leading to a subdued trading atmosphere in the spot market [1][2]