Silver prices skyrocketed, hitting a record high at one point, with analysts stating that there is an extreme shortage of silver overseas.

Industry insiders believe that the continuous rise in silver prices is due to a global decline in silver inventories, leading to a noticeable tightening of supply in the spot market. Analysts say that there is an extreme shortage of silver overseas, and we are currently in a hoarding phase. At the same time, analysts point out that chasing highs in the short term will increase investment risks, and investors should pay attention to rational investment. On December 5th, at the Shuibei Market in Shenzhen, the real-time retail price of silver displayed on a large screen was 16.4 yuan per gram, close to the highest level of the year. The person in charge of a silver jewelry counter told reporters that the rise in silver prices has had a relatively small impact on the sales of silver jewelry, and products that sell well continue to have good sales volume, with customers paying more attention to the style.