Today, silver prices slightly fluctuated. The opening price of spot silver was $30.843 per ounce. The ex-factory reference average price of SMM #1 silver in the morning was 7,725 yuan per kilogram, down 7 yuan per kilogram from yesterday, a decrease of 0.09%. According to SMM, the premium for spot national standard silver ingots in the Shanghai area today was 1 yuan per kilogram by cash, and for spot silver ingots from large factories, it was 3-5 yuan per kilogram by cash. The spot-futures price spread remained high today, market selling enthusiasm was not high, and only a few spot orders were transacted.
PV: Today was normal. Recent order conditions have improved compared to October, and the market maintained stable production. Due to adjustments in the downstream market production schedule in December, demand is expected to slightly decrease in December.
![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)
