The Zhitong Finance App learned that China Silver Group (00815) rose by more than 63% and rose 63.98% at press time to HK$0.305, with a turnover of HK$37.63 million.
According to the Guojin Securities Research Report, gold prices have risen sharply in the short term since March, silver inventories have continued to be eliminated, and silver COMEX futures and silver ETF holdings have increased. In terms of commodity attributes, global mineral silver supply growth is limited, and photovoltaic+AI drives industrial demand growth. It is expected that silver supply and demand will remain in short supply and demand fundamentals, and the fundamentals of supply and demand will provide strong support for silver prices; in terms of financial attributes, it is expected that continued increase in market attention will further stimulate demand for silver investment and trigger a rapid rise in silver prices.
Everbright Futures said that if the market is still optimistic about gold, capital may be diverted to silver. In particular, from a fundamental perspective, silver benefits from the rapid development of photovoltaics. The World Silver Association expects that silver will still have a certain supply and demand gap in 2024, so when gold continues to reach new highs, it will inevitably drive silver's bullish sentiment. Currently, silver has broken through the upper edge of the fluctuation range, and the certainty is greater than gold.