Jinwu Financial News | China Silver Group (00815) continued to rise. As of press release, it reported HK$0.42, up 20%, with a turnover of HK$32.617 million. Notably, the stock's cumulative increase in the past 5 trading days has exceeded 285.3%.
Guojin Securities said earlier that silver has industrial properties. Since 2024, the manufacturing PMI of major economies such as China, the US, and Japan has rebounded. The bank expects demand for the silver industry to continue to improve as the global economy recovers marginally. According to the bank, the shortage of silver supply and demand has intensified. Against the backdrop of limited mineral silver supply and photovoltaic+AI driving industrial demand, the bank expects the global supply and demand gap for silver, including investment demand, to expand in 2024-2025. Considering only the impact of the supply and demand gap on exchange inventories, the bank expects silver stocks on major exchanges to drop to about 21,000 tons by 2025.
According to the bank, 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 will provide strong support for silver prices; in terms of financial attributes, the bank expects that continued increase in market attention will further stimulate demand for silver investment and trigger a rapid rise in silver prices.