According to business news agency data, on March 10, the average price of silver market in the morning was 5330 yuan / kg, up 2.83% in the day, down 2.74% from 5480.33 yuan / kg in the spot market at the beginning of the month (March 1), and 3.96% from 5550 yuan / kg in the spot market at the beginning of the year (01.01).
On March 10, the spot price of gold was 360.90 yuan / g, up 1.28% in the day, down 1.29% compared with the average price of 365.60 yuan / g in the early morning of the month (3.1), and down 8.10% compared with the spot price of 392.70 yuan / g at the beginning of the year (01.01).
Double the market and cut the precious metals to usher in a long short game point
Since November 2015, the rising trend of precious metals has reached its peak in August 2020, with the highest increase of 90-100%. After the doubling of the market, the price of gold has been falling all the way, reaching a new low in October, and the price of silver has also fallen to the low range in early January. Today, the price of precious metals both stop falling and rise. When the increase is reduced to 50% – 60%, will the price of precious metals usher in an inflection point?
Business analyst Ye Jianjun believes that precious metal prices usher in a long short game point. In the long run, the real interest rate will remain low, the central banks of developed economies will continue to buy government debt, the industrial demand will increase, the demand for silver in the disinfection and medical industries, and the consumer demand for jewelry and gold and silver ware will also increase.
Recently, the price of silver is relatively stronger than that of gold, mainly based on two factors. On the one hand, the news of silver’s closing down, similar to Gamestop, boosted silver’s price to rise sharply in the middle and late January of this year. Looking back at the historical trend of silver’s price, we can see that silver’s price has been greatly affected by the fluctuation of investment sentiment, and the short-term speculative atmosphere with silver as the subject matter is more intense and the amplitude is greater. On the other hand, silver’s price has been greatly affected by the fluctuation of investment sentiment On the other hand, silver has a strong industrial attribute. In recent years, the trend of bulk metal commodities has been rapid after the year, and they have risen to the historical high in recent years. The strong support of silver price comes from fundamental factors. For example, the increasing demand for solar panels in the automotive industry and other industrial uses will boost the demand for silver in the future.
Short term focus
1. The impact of high commodity price correction on the sentiment of precious metal prices.
2. The impact of the US Treasury’s launch of a new round of US $120 billion treasury bond auction on the bond yield and the impact of us CPI data. If U.S. bond yields rise and investors are more optimistic about U.S. economic growth, the precious metal market will be under pressure.
3. Whether the investment demand is narrowed. According to the data of the world gold association, the global gold ETF outflow in February was 84.7 tons, which was the third net outflow of gold ETF in nearly four months. According to the data of the world gold association, the global gold ETF outflow in February was 84.7 tons, which was the third net outflow of gold ETF in nearly four months.
| Thiourea |