Yesterday, the US March NFIB Small Business Confidence Index announced a value of 88.5, lower than the previous value of 89.4 and the expected value of 89.9. Silver still rose slightly today. The opening price of spot silver was US$28.142 per ounce. The SMM average ex-factory reference price of 1# silver in the morning was 7199 yuan/kg, up by 56 yuan/kg or 0.78% compared with yesterday. According to SMM, premium for large-volume order national standard silver ingots in Shanghai was 1 yuan/kg to around, and the quotation of spot silver ingots from large producers was 3 yuan/kg with cash payment. There are more companies shipping goods in the market today than in the previous two days, and the market transaction was weaker.
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)

