Silver Market Bullish Momentum Builds Amid Strong Macro Sentiment, Geopolitical Tensions, and Election Anticipation

Publicado: Oct 19, 2024 22:46
[SMM Analysis: Silver's Bullish Sentiment Continues to Ferment, Spot Demand Premiums and Discounts Fluctuate] This week, the macro sentiment and capital impact in the silver market were relatively strong, and the relatively active capital flow was due not only to the reduction of the reserve requirement ratio but also to the relatively active market funds. The geopolitical unrest in regions such as the Korean Peninsula and Palestine-Israel has injected strong sentiment into the market's demand for risk aversion, consistently and steadily driving up gold prices, and the gold-silver ratio has pulled up silver prices. The market's expectations for the upcoming US presidential election are also supporting the upward trend in silver prices. During the overnight session on Friday, silver T+D reached a peak of 8,166 yuan/kg, while spot silver reached $33.751/ounce...

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