Silver prices hit a 13-year high, new Chinese-style silver jewelry is in hot sales

Since the beginning of this year, silver prices have been on the rise, with the London spot silver price once breaking through $39 per ounce, reaching a nearly 13-year high. At a silver jewelry wholesale store in Shanghai's Yuyuan, the person in charge told reporters that silver prices have increased by 30% compared to the beginning of the year, and "small weight" and "new Chinese style" silver jewelry are more favored by consumers, with monthly shipments exceeding 10,000 pieces. In Yongxing County, Chenzhou, Hunan, silver production accounts for a quarter of the country's total, and the local area is also leveraging its complete silver industry chain advantages to create a consumption model of "cultural tourism + silver." Many heads of silver sales companies stated that the booming cultural tourism during the summer has also significantly boosted local silver consumption