12月PMI低于市场预期银价偏空

Group 1 - The international silver price is currently trading below $79.04, having opened at $81.26 and reported a decline of 3.06% to $78.72, with a high of $82.73 and a low of $78.28 during the session, indicating a bearish short-term trend [1] - The December S&P Global US Services PMI index fell from 54.1 in November to 52.5, revised down from an initial estimate of 52.9, marking the lowest growth rate in eight months and below market expectations of 54 [3] - New business growth has dropped to a 20-month low, with survey respondents citing increased market demand uncertainty and declining consumer spending, with tariff policies identified as a major source of instability [3] Group 2 - Trade tensions have led to the largest decline in export orders since May, while weak capacity demand and ongoing budget constraints have resulted in the first decline in employment in nine months [3] - Input price inflation has risen to a seven-month high due to tariffs and rising supplier costs, with labor costs increasing, leading to output prices reaching a four-month high [3] - Despite these challenges, businesses remain optimistic about interest rate cuts and expansion plans [3] Group 3 - The silver price is currently adjusting with a strong support level at $70, while the high point of $77.88 on January 5 will serve as the first support level; if this level is breached, the next target will be $75.00 [4]