Everything I've read about spruces says to pinch off the new growth by about half.
Allegedly it encourages fuller growth as well as back budding.
But you have no growth there.. You have just broken buds and no branch growth.
As said. I would let it extend to you have maybe 5 cm of growth. Then cut back (For mature, well developed specimens). And if this is a young plant that needs to first develop trunk or branches, I would not cut back at all.
Cannot tell where your plant is at.