The divergence in the trend between silver rushing and gold stalling
Precious metals market, the trends of gold and silver are gradually moving away. Recently, spot silver has continuously refreshed historical records, approaching $59 per ounce, and both domestic and foreign silver futures prices have followed the rally. However, the previously "glittering" gold has shown some signs of weakness, shaking repeatedly at high levels after reaching a historic high in mid-October. In the eyes of industry insiders, silver's strong industrial attributes bring strong demand expectations, coupled with the extreme game of low inventory, making silver more sensitive to expectations of the Federal Reserve's loose policy and showing greater price elasticity than gold. During the Asian trading session on December 4th Beijing time, both the spot and futures markets for gold and silver experienced varying degrees of correction. Will the precious metals market quiet down now? Institutional experts generally believe that the price center of precious metals is moving upwards with the long-term trend unchanged, but in the short term, attention should be paid to the risks of increased fluctuations in prices due to profit-taking by funds and a slight easing of the shortage of silver supply.
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