Today, silver prices experienced a compensatory decline. The opening price of spot silver was $29.597 per ounce, and the SMM 1# silver ex-factory reference average price in the morning was 7,597 yuan per kilogram, down 173 yuan per kilogram from yesterday, a decrease of 2.2%. According to SMM, due to the decline in the absolute price of silver combined with the widening spot-futures price spread, market purchase sentiment was strong today. A slight stockpiling demand emerged downstream before the Chinese New Year. The national standard transaction price remained unchanged from yesterday, while the transaction price for large manufacturers increased by 1-2 yuan per kilogram compared to yesterday. Enterprises that purchased yesterday were constrained by yesterday's purchase costs and could not offer lower prices today. Today's transaction performance exceeded market expectations.
![Данные ADP по занятости в США оказались ниже ожиданий рынка, цены на платину прекратили падение и отскочили, спотовый рынок остывает [Ежедневный обзор SMM]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![ADP занял мягкую позицию, что способствовало отскоку серебра; рынок проявляет осторожность в преддверии данных по занятости вне сельского хозяйства [Ежедневный обзор SMM]](https://imgqn.smm.cn/usercenter/SSKOK20251217171734.jpeg)

