On December 30, 2025, the Shanghai Gold Exchange's Shanghai Silver (standard weight 15 kilograms, with a purity of at least 99.99%) silver bars were quoted at 18,013 yuan per kilogram at the midday session, marking a decrease of 1,401 yuan per kilogram from the previous trading day's midday session pricing of 19,414 yuan per kilogram, representing a decline of 7.78%. PriceSeek analyzed silver and assigned a negative score of -2. The article indicates that on December 30, 2025, the midday base price for spot silver in the Shanghai Gold Exchange was reported at 18,013 yuan per kilogram, a significant drop of 1,401 yuan per kilogram, indicating a market surplus or weak demand, posing a major bearish factor for spot prices. In the futures market, silver contracts on the Shanghai Futures Exchange generally fell, with the main contract 2604 closing at 18,107 yuan per kilogram, down by 1,032 yuan, the settlement price at 17,836 yuan, and a high trading volume of 2,059,507 hands, reflecting a surge in outflows and an increased bearish sentiment, leading to downward pressure on futures prices. Comparing spot and futures data, the significant and consistent decline indicates a significant bearish signal, scoring as a major bearish factor.