3drouletteonline| Silver price rose more than gold: 16.66% vs. 32.67% compared with increase in production and demand support

News summary

Silver price surpasses gold3drouletteonlineInvestors are enthusiastic. Market analysis shows that despite the increased expectations of the Federal Reserve to cut interest rates and silver prices have room for further rise, high volatility reminds investors to be cautious.

Newsletter text

[The precious metals market is active, and silver's growth exceeds that of gold] Against the background of the recent surge in precious metals prices, silver's performance is particularly outstanding, and its growth has exceeded that of gold. According to employees in Beijing Tianya Jewelry City, the return on investing in silver from one month to the present is quite impressive, with a preliminary estimate of a profit of about 15000 yuan. Faced with such a rise, investors entered the market one after another. The number of buyers of silver bars and silver futures related funds increased significantly, and the recycling price also increased steadily. [Silver market elasticity attracts attention] Although gold and silver prices experienced on May 21 and 223drouletteonlineThere were slight fluctuations, but as of May 22, the COMEX gold price was 2,416.3drouletteonline.6 US dollars/ounce, while the price of COMEX silver is as high as 313drouletteonline.96 US dollars/ounce. Compared with the beginning of the year, gold and silver increased by 16.66% and 32.67% respectively, and silver increased significantly. In terms of spot silver, the price also reached US$31.75 per ounce, although it was slightly corrected from the previous day. [Supply and demand are tight, and silver production and demand have become the focus of the market] Precious metals traders in Beijing Tianya Jewelry City pointed out that although silver production has been sufficient recently, market supply is still tight due to strong purchase demand. The only silver futures fund in China, SDIC UBS Silver Futures LOF, has recently surged in share, showing the market's high attention to such products. [Silver investment risks cannot be ignored] Although the market is generally bullish on silver, precious metals analysts remind investors that silver price volatility is higher and the corresponding risks are greater. Compared with gold, the price logic of silver is also influenced by industrial demand. Given the current overall rise in the precious metals market, investors should carefully analyze the trend of silver and avoid blindly following suit. [Market outlook predicts that the ratio of gold to silver is expected to be repaired] Looking to the future, analysts believe that with the gradual recovery of economic activity, the ratio of gold to silver may be repaired, implying that silver prices will have more room to rise relative to gold. However, the market research report reminds that there are many irrational elements in the current market, and investors should pay close attention to market dynamics and make investment decisions prudently.

Tags:

Prev: baitboat| Xiaomi's 20-inch boarding box with open lid at home is available: supports dry and wet separation, priced at 449 yuan
Next: omegarace| South China Industrial Products Index rose sharply: Demand for copper, aluminum and iron ore boosted, power investment and the Belt and Road Initiative helped economic recovery