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...

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn
[SMM Analysis: Silver's Bullish Sentiment Continues to Ferment, Spot D - Shanghai Metals Market (SMM)