Recently, following the "step-by-step" rise in gold prices, silver prices have also risen, even more than gold. At the close of trading on April 10, the price of silver on the New York Mercantile Exchange reached $28.08 an ounce, a three-year high.
In this situation, many investors have set their sights on silver. On April 11, a reporter from Nandu Bay Finance Society inquired and found that investment silver bars on multiple platforms had been bought out. On the same day, the reporter visited a number of banks in Bao'an District, Shenzhen, to understand the sales of silver bars at the bank end, some bank staff said that most of the bank's consumers are buying silver bars through online channels, and the current 60g, 200g, and 500g silver bars have been sold out, and only 100g and 1000g silver bars can still be purchased, but they are in a tight state of inventory.
Silver bars are also in high demand
There is a platform to invest in silver bars that have been short-sold
Recently, many netizens have shared their experience of buying silver bars on social platforms such as Xiaohongshu, ranging from 50 grams to 30 kilograms. The purchase channels mainly include e-commerce platforms, banks, precious metal trading enterprises, some brand gold stores, silver buildings, etc. For buying silver, most netizens have the mentality that if they can't afford to buy gold bars, they can buy some silver bars.
The reporter of Nandu Bay Finance Society noticed that at the moment when gold rose sharply, silver in precious metals also ushered in a rush to buy. On April 11, the online mini-program of "Rongtong Yin", a precious metal trading platform under Shenzhen Jinzhengjin Jewelry Co., Ltd., showed that all models of silver bars had been sold out.
"Rongtong Bank" online mini program.
On April 11, a reporter from Nandu Bay Finance Society visited a number of banks in Bao'an District, Shenzhen, to learn about the sales of silver bars on the bank side. A staff member of a branch of the Bank of China and the Industrial and Commercial Bank of China in Bao'an District told reporters that the above-mentioned outlets do not sell silver bars.
A staff member of a branch of the Agricultural Bank of China in Bao'an District said that the silver bars sold by the bank usually have different weights, including 50g, 100g, 500g, and 1000g silver bars can be purchased, but there are basically no people in offline outlets to buy silver bars, and when there is a need to buy, it is necessary to open a vault to re-check whether there is inventory. Another staff member told reporters: "There is no silver bar at the counter at the moment, and it needs to be transferred, and if the vault is not available, it will be transferred from the head office." ”
It is understood that most of the bank's consumers buy silver bars online, that is, in the Agricultural Bank of China APP. The staff of the Agricultural Bank of China said that taking 100g silver bars as an example, the real-time price of physical silver bars at 3 pm on April 11 was about 15 yuan, 2 cents and 8. "Although I didn't pay attention to the specific increase, it definitely rose. ”
At 4 p.m. on April 11, the reporter saw in the "Precious Metals Mall" of the Agricultural Bank of China APP that about the "Treasure Dragon Year Zodiac Silver Bar (Second Round)" product, 60g, 200g, 500g silver bars have been sold out, and only 100g and 1000g silver bars can still be purchased, but they are in a tight state of inventory.
The 60g silver bars in the ABC's online "precious metal mall" have been sold out.
The "Kowloon Wanfu Commemorative Silver Bar Set" on the China Merchants Bank APP, only 90g silver bars can still be purchased, and the rest of the specifications have been shown to be out of stock.
"Kowloon Wanfu Commemorative Silver Bar Set" on the China Merchants Bank APP.
A staff member of a branch of Shenzhen Rural Commercial Bank in Bao'an District told a reporter from Nandu Bay Finance Society that the outlet does not sell silver bars, only silver jewelry, and there are very few people who come to buy silver bars. "Silver bullion does not hold its value. Although the price has risen slightly, it is really not much compared to gold. ”
A combination of factors drove the price of silver higher
Is now a good time to buy silver?
The reporter noted that COMEX silver has risen by nearly 10% in March, and this year has risen by more than 15%. So, what is the logic of the price increase of silver? Industry insiders said that silver has both investment, industrial and decorative value. The surge is mainly driven by the sharp rise in gold prices, and spot silver sales are expected to remain strong.
"Silver, as a currency that has been used universally throughout history, will show a compensatory investment in the current rise and fall of gold. Wan Zhe, a professor at Beijing Normal University, pointed out in an interview with the media that due to the financial attributes of silver, it will also be affected by the investment expectations of the world market.
Guojin Securities pointed out in the research report that since March, gold prices have risen sharply in the short term, silver inventories have remained depleted, and silver COMEX futures and silver ETF holdings have increased. In terms of commodity attributes, the growth of global mineral silver supply is limited, and the growth of industrial demand driven by photovoltaic + AI is expected to maintain a shortage of silver, and the fundamentals of supply and demand give strong support to silver prices.
With the price of gold and silver rising one after another, the current market consumption enthusiasm is high, is now a good time to buy silver? Will silver continue to rise with the price of gold in the future?
Citi recently raised the upper limit of the price target for silver's 6-12 month bullish scenario to $32 per ounce. In a bullish scenario, Citi sees an increased likelihood of the silver market reaching an average price of $30 per ounce in the second half of the year.
Jinyuan Futures also expects that in the next month, gold and silver prices will remain high. The reference range for international gold prices is US$2,200-2,500/ounce, and the reference range for international silver prices is US$26-30/oz.
However, some experts said that under the resonance of many factors, gold and silver prices are easy to rise and fall, but investors still need to be cautious about the pullback market that may be brought about by profit-taking of long funds.
Gu Fengda, chief analyst of non-ferrous metals at Guosen Futures, pointed out: "The recent rapid rise in gold and silver prices is worthy of everyone's vigilance, because the rise has exceeded 15% during the year, and it has only been less than 4 months, and the risk of a high-level correction is increasing in the short term." ”
Xiong Yuan, chief economist of Guosheng Securities, said that from historical experience, gold prices will experience a period of significant adjustment after breaking new highs, starting from a few days after breaking new highs, and starting from two months later. The current round of gold prices has repeatedly hit new highs for more than a month, and according to historical rules, gold will experience adjustment after rising for about a month at most.
Guotai Junan Futures Tao Jinfeng also reminded that when the dollar rebounds, silver falls more rapidly than gold, and it is necessary to be wary of the sharp fluctuations in silver prices caused by the short-term dollar rebound. "At present, the price of precious metals has reached a historical high, in the case of the Federal Reserve's decision-making and the increase in global economic uncertainty, the overall investment risk is increasing, so investors should not over-chase and blindly participate, and should pay attention to the management of positions and funds. Tao Jinfeng said.