Understanding the Market | CHI SILVER GP rises 6%, silver returns to $43 high for the first time in 14 years
China Silver Group rose 6%, as of the time of writing, up 6%, reported at HKD 0.53, with a trading volume of HKD 23.4726 million. On the news front, spot silver has broken through USD 43 per ounce, reaching a new high since September 2011. Jinxin Futures believes that the trend of the Federal Reserve continuing to cut interest rates remains unchanged, and the core factors driving this round of bull market in gold and silver have not changed. In the medium to long term, "gold is the stage, silver is the performance," with gold steadily rising, silver is also expected to welcome a major upward wave. We believe that international silver is likely to aim for the historical high of USD 50 per ounce, while domestic silver is expected to break through the range of RMB 11,500-12,000 per kilogram
According to Zhitong Finance APP, China Silver Group (00815) rose by 6%, as of the time of writing, up 6%, priced at HKD 0.53, with a trading volume of HKD 23.4726 million.
In terms of news, spot silver has broken through USD 43 per ounce, reaching a new high since September 2011. Jinxin Futures believes that the trend of the Federal Reserve continuing to cut interest rates in the future remains unchanged, and the core factors driving this round of bull market in gold and silver have not changed. In the medium to long term, it is expected that "gold will set the stage, and silver will perform," with gold steadily rising, and silver will also welcome a major upward wave. We believe that international silver is likely to aim for the historical high of USD 50 per ounce, while domestic silver is expected to break through the range of RMB 11,500-12,000 per kilogram
