HK Stock Market Move | CHI SILVER GP(00815) rises nearly 6% again, silver prices continue to hit new historical highs, doubling since the beginning of the year.

CHI SILVER GP (00815) rose nearly 6%, as of press time, up 4.35% to HK$0.72, with a turnover of HK$29.1259 million. On the news front, on December 11th, the spot silver price rose 2.94% to $63.551 per ounce, reaching a historical high of $64.308 per ounce at one point. So far this year, the London silver price has increased by over 100%. Zhang Dapeng, director of non-ferrous metal research at Guangda Futures, believes that the recent sharp rise in silver prices is the result of a triple resonance of macro environment, supply and demand structure, and market sentiment. BOC International believes that the elasticity of silver to catch up may be better than gold. Gold is still in an upward channel, but is currently in a stage of high-level oscillation after accelerating upward. The key for the future market is whether the "decline in real interest rates" and "weakness of the US dollar" can resonate. In contrast, silver has stronger short-term certainty. The "gold-silver ratio" at historical highs implies a significant room for recovery, and the growth in demand in industrial areas such as photovoltaics provides support for silver prices. Lower inventory levels may give silver greater short-term resilience than gold.