"I bought 30 kilos of silver a month ago, and now I've made about 1.Abugarcia7000ic3.50,000 yuan. " Recently, when a reporter from the Securities Times visited Tianya Jewelry City in Beijing, some investors said.

Precious metals have continued to soar recently, with silver surpassing gold, attracting some investors to enter the market. On the one hand, the number of people buying silver bars linked to silver futures prices is increasing; on the other hand, silver recovery prices have risen, and some investors have also taken profits in this rise.

Looking ahead, some institutions believe that silver still has room to rise. However, Ma Yinchen, a former precious metals analyst at the Citic Investment Research Institute, said in an interview with the Securities Times that silver is riskier and investors cannot copy the price logic of gold to analyze the trend.

It's rising faster than gold.

Although there were small shocks on May 21 and 22, the prices of gold and silver remained high in recent years. As of May 22, COMEX gold futures were at $2416.6 an ounce, while COMEX silver futures were at $31.96 / oz, up 16.66 per cent and 32.67 per cent respectively from the beginning of 2024. Silver rose significantly more than gold.

Spot silver, May 22, Shanghai Gold Exchange silver spot Ag (tipped D) closed at 8313 yuan / kg, that is, 1 gram is 8.31 yuan.

The recent rise in silver has attracted a lot of investors. On May 21, a reporter from the Securities Times visited Tianya Jewelry City in Beijing as an investor. Here is called Beijing's "water shellfish" market, mainly wholesale. Some precious metals traders said that silver was out of stock some time ago because production failed to keep up. Recently, the production of silver is sufficient, and the number of buyers has increased. Although it will not be out of stock, it does not deny that there is a tense situation.

The reporter noted that as the only silver futures fund in the public offering market, UBS Futures LOF has received a lot of attention. According to Wind, the fund's share has continued to grow after a sharp decline since April 24, exceeding 1 billion shares on May 22, a sharp increase of 436 million shares compared with the same period last year.

In fact, the silver rally began at the end of February and continues to this day. Ma Yinchen analyzed to the Securities Times that the recent rise in the price of silver is driven by the rising price of gold, and the other is that the demand factor of silver itself supports the price.

The market is still betting on a rate cut by the Fed, she said. In this expectation of loose monetary policy, the safe-haven function of precious metals has been highlighted, pushing gold and silver prices higher. At the same time, there has been some tight supply and demand in the silver market in the past few years, and as the global economy continues to recover, the increase in manufacturing and industrial production activity has boosted the industrial demand for silver, which is also good for silver prices.

Some investors take profits.

"I can't buy gold. Buy some silver."Silver has got off the bus, and a bonus is enough."the real thing is out, and it's safe to drop the bag." On social media, because of the higher unit price of gold, some investors are turning to cheaper silver-buying silver bars or funds, but others have begun to take profits.

The resale price of silver is rising on the financing platform of precious metals traders, which has attracted the attention of ordinary investors. At 10:00 on May 22nd, the platform offered a resale price of 7.7yuan per gram, up 1 yuan from the beginning of May.

Investor Ms. Zhang made a profit by selling several pieces of silver jewelry in this wave of rise. She told the Securities Times that she began to "hoard" silver about two years ago, mainly with gram-denominated silver bracelets. Recently, she sold about 500 grams of silver, as well as a lot of 925 silver ornaments. Among them, the recycling platform can earn about 2 yuan per gram, and the second-hand platform can earn more. She said that although it is a second-hand commodity, there is no discount, and the unit price above 200 yuan can basically earn another 40 yuan.

It is understood that Tianya Jewelry City is mainly for big customers, and the weight of silver bars is more than 3 kilograms. During the reporter's visit, a number of precious metals traders said that silver has risen sharply recently, and many investors have come to sell silver bars and silver plates. Some shopkeepers said that some consumers brought dozens of kilograms of silver to sell. Some shopkeepers said that their stores sold more than 70 kilograms of silver plates on May 20 alone, nearly half of the store's inventory.

Institutions prompt volatility risk

Some people come in and some people leave. How will the future of Baiyin go?Abugarcia7000ic3? Can I still get in the car? These issues are of more concern to investors.

Ma Yinchen said that from the perspective of the Fed's monetary policy, the performance of the US consumer price index (CPI) in April increased market expectations of future Fed interest rate cuts, which will continue to provide action energy for precious metals such as gold and silver. In addition, the ratio of gold to silver, which measures the price of gold and silver, is still at a relatively high level in history and much higher than the historical average. In the future, with the gradual recovery of economic activity, the gold-silver ratio is expected to be repaired, which means that the price of silver will have more upward space relative to the price of gold.

The latest research reports released by a number of futures institutions are mostly bullish. If Shenyin Wanguo Futures believes that silver may continue the gap in 2024, the overall strength of gold and non-ferrous metals will be further transmitted to silver and magnify its elasticity. However, some institutions suggest that at the current stage, most of the irrational elements in the market, so the uncertainty of the market will be significantly enhanced.

Ma Yinchen said that silver relative to gold, because the price is relatively low, so the threshold for investment is also relatively low. However, it is important to note that the volatility of silver price is higher than that of gold price, which means that the risk is relatively high.

She mentioned that although silver and gold are both precious metals, the logic behind price movements is different. The price of silver is also largely affected by its industrial manufacturing demand, so investors cannot copy the price logic of gold to analyze the trend in the face of the overall rise in the precious metals category.