SMM Analysis: Silver Market Resumes Post-Holiday with Rising Prices Due to Safe-Haven Sentiment and Spot Demand

Publicado: Feb 7, 2025 16:40
[SMM Analysis: Silver Market Resumes After Holiday, High Prices Suppress Market Demand] This week marked the end of the Chinese New Year holiday, and the market resumed operations. During the holiday, silver prices continued to rise under the influence of overseas market prices. Although the US Fed meeting kept interest rates unchanged as expected, Trump's tariff adjustments raised concerns about potential trade frictions, which boosted safe-haven sentiment for silver. At the same time, there were concerns about spot demand in the market, leading to active local procurement of spot silver, driving demand. The combination of safe-haven sentiment and spot demand pushed prices upward. During the holiday, silver prices increased, and after the holiday, domestic silver prices caught up, with spot prices rising by 5.3% on the first trading day, leading to a price increase in related products.

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[SMM Analysis: Silver Market Resumes After Holiday, High Prices Suppre - Shanghai Metals Market (SMM)