Changes in Hong Kong stocks | China Silver Group (00815) rose by nearly 6%, and silver prices continued to hit record highs and doubled during the year

The Zhitong Finance App learned that China Silver Group (00815) rose by nearly 6%. As of press release, it had risen 4.35% to HK$0.72, with a turnover of HK$29.1259 million.

According to the news, on December 11, the spot silver price closed up 2.94% to 63.551 US dollars/ounce, hitting a record high of 64.308 US dollars/ounce during the intraday period. Since this year, Bank of London has now increased by more than 100%. Zhan Dapeng, director of non-ferrous metals research at Everbright Futures, believes that the recent sharp rise in silver prices is the result of the triple resonance of the macro environment, supply and demand patterns, and market sentiment.

BOC Securities believes that silver may be better than gold in terms of flexibility to make up gains. Gold is still in an upward channel, but it is currently in a phase of high fluctuation after an accelerated upward trend. The key to catalyzing the subsequent market is whether the “declining real interest rate” and the “weakening dollar” can resonate. In contrast, silver is more deterministic in the short term. The “gold to silver ratio”, which is currently at a high level in history, contains more room for restoration, while growing demand in industries such as photovoltaics provides support for silver prices, and lower inventory levels make prices flexible or superior to gold in the short term.