Silver Prices Fluctuate at Highs, Spot Market Trading Remains Sluggish Ahead of New Year's Day [SMM Daily Review]

During the day, silver prices saw a slight compensatory rise in the morning session. With the strong holiday atmosphere ahead of New Year's Day, market transactions noticeably weakened. Only a small number of quotes were available in the spot market today, with individual suppliers adjusting premiums upward and holding prices firm to facilitate sales. Multiple traders suspended quotations after year-end closing. In the Shanghai area, a small volume of large-factory silver ingots from individual suppliers traded at a TD premium of 150-200 yuan/kg. Before the New Year's Day holiday, manufacturers suspended shipments for inventory counting and year-end closing. Some stalls in the Shenzhen Shuibei market still engaged in "pre-holiday stockpiling." The spot market remained dominated by investment demand, with overall transactions turning weaker.