It s not just gold that s rising, it s too!

Mondo Finance Updated on 2024-01-28

Reporter Feng Yuyao.

Not only has it soared, but it has also come out of an upward trend this year. According to the data of the business community, as of December 4, the spot price was 6258 yuan kg, a year-on-year increase of 2218%, and at the beginning of this year, the spot *** was only 5345 yuan kg.

*Due to its unique strength, flexibility, ductility, and good electrical and thermal conductivity, it is widely used in the fields of industry, medicine and jewelry. At the same time, it also has the role of investment preservation and anti-inflation.

Luo Timing, senior investment adviser of Jufeng Investment Advisor, told the reporter that the recent rise may have a lot to do with ***. He said: "The end of the Fed's interest rate hike cycle means that the dollar will be expected to weaken, and **, as a safe-haven asset, is usually favored by investors when the dollar weakens, which is the main reason for the recent upside." ”

In addition, in Luo Timing's view, the rapid development of the new energy industry has also driven up the price of silver to a certain extent. "The new energy industry has stimulated the demand for the first generation, for example, it is widely used in new energy equipment such as solar panels, which will also slowly drive the world

At present, the first industry runs through the upstream mining, midstream smelting, downstream industry, jewelry, etc., of which the first industrial demand accounts for about 50% of the total demand. Among the A-share listed companies, the listed companies with first-class related businesses include Shengda Resources, Yuguang Gold and Lead, Hengbang Shares, Chifeng, Western Resources, etc.

Shengda Resources has nearly 10,000 tons of ** resource reserves. The company said: "Waller's first mention of interest rate cuts and Powell's statement that collective interest rate hikes have reached the end of the market has brought forward the market's expectations for next year's interest rate cut to March, driving related ***."

Shengda Resources further said: "From the perspective of driving, ** may not be over, from the supply and demand side, the demand for industrial silver driven by photovoltaics will have an impact on the supply and demand pattern of **, and it is expected that there will still be a supply and demand gap in 2024." ”

For the future trend, Luo Timing also believes that it is expected to continue to maintain a high level. "The recent unstable international economic situation and the increase in some geopolitical risks may drive investor demand for safe-haven assets. And for investors and consumers around the world, there is generally a psychology of 'buying more and more, buying more and more', so after the strength of the market, it usually stimulates more consumption, and it is easier to maintain a high level. He said, "In addition, the rapid development of the new energy industry will also bring long-term support to the demand for the highest level, resulting in the highest level of easy rise and difficult to fall." ”

* |Baotu network production |Zhang Wenling review |Jiaoyue Edit |Qiao Chuanchuan final review |Zhang Liang

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