Price came from 4-3 down to claim a thrilling 8-5 win in a match which featured two 170 checkouts.
‘The Iceman’ also went 7 Darts into a nine darter as he went so close again to a perfect leg.
It was a scrappy start for both players but it was Smith who gained the early initiative with a 170 checkout.
Price returned the favour with a 170 checkout in the very next leg. He left it in the next leg but Smith went 3-2 up.
It continued to be neck and neck but Price missed multiple opportunities to break and this allowed Smith to go into the lead.
Price came back though and went 7 Darts in like alluded to then he pinched the leg. Smith was crumbling on the doubles and this allowed Price to go 7-4 up.
Smith pegged one leg back but Price claimed the victory to end a thrilling contest.
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Night Twelve schedule
Mensur Suljovic (92.45) 8-5 (91.42) Daryl Gurney
Rob Cross (94.49) 2-8 (107.87) Michael van Gerwen
Michael Smith (99.11) 5-8 (98.43)
Gerwyn Price Peter Wright v James Wade
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