Source: Huaxia Times
Reporter Feng Yingzi reports from Beijing
The silver bars with platform raw materials are sold out!
On April 24, the reporter of the Huaxia Times saw from the online applet of the precious metal trading platform "Rongtong Bank" that all 100g, 500g and 1000g silver bars of the platform showed "sold out".
"There is no stock, so we need to price first and back order, and ship the goods as soon as one week." On the same day, the relevant staff of the platform told our reporter that the demand exceeded the silver reserve before the platform, and now we are purchasing. You can contact customer service to make a reservation.
Recently, while the international gold price has reached new highs, silver, a precious metal, has also ushered in its own high moment.
Different from the overall flat trend in 2023, the silver price will show a strong state at the beginning of 2024. As of April 23, the Bank of Shanghai Index has risen from 5980 yuan/kg at the beginning of the year to 6990 yuan/kg, up 16.9%.
Under the public opinion that "the biggest increase in silver has exceeded gold", many investors have also turned their attention to silver, promoting the increase of silver sales on e-commerce, banks and precious metal trading platforms.
Sales of silver bars and silver materials are booming
"Don't make money with silver unless you stock up a lot." On April 24, a Sichuan investor, Ms. Liu, told the Huaxia Times that silver jewelry is not worth money. A necklace or bracelet costs hundreds of yuan. If you want to buy it, you have to buy silver materials and bars.
Ms. Liu said that she had bought some silver materials in recent two years, with the lowest price of 4.36 yuan per gram. This year, the price has risen to more than 6 yuan per gram, and the highest price is more than 7 yuan per gram. Recently, she sold some silver materials to recover the principal, and the interest rate is higher than that of the deposit bank.
Since March, the prices of gold and silver have both hit record highs. Driven by the rising prices, the sales of silver bars and silver materials on multiple platforms have increased significantly in the near future.
"The online listing was immediately robbed." On April 24, the relevant staff of "Rongtong Bank" told the reporter of the Huaxia Times that more customers had recently purchased silver bars, and online orders had been cancelled. If there was a need, you can contact customer service through WeChat to arrange the pricing.
Rongtong Silver is the precious metal trading platform of Shenzhen Jinzhengjin Jewelry Co., Ltd. Since the silver price of this platform is consistent with the international market price and cheaper than other channels, it is favored by investors.
In addition, the reporter noticed that some banks also launched silver bar products, and temporarily ran out of goods. An investor told the reporter of the Huaxia Times that he chose to order silver bars in the bank because he was afraid of buying fake goods. On April 12, he logged on the online bank and saw that many products were out of stock, but they were replenished later.
"Recently, someone did come to the outlets to inquire about the silver bars, but our outlets are out of stock, no matter the standard silver bars or the zodiac silver bars." On April 23, a customer manager of a branch of a large state-owned bank in Beijing told the Huaxia Times reporter that mobile banking could be used to place an order. At present, the Beijing outlets are all shipped from the same warehouse, because there is no inventory, So the outlets should be out of stock.
Earlier, when logging into the bank's APP, the reporter also noticed that a number of different types of silver bars with different weights for the Year of the Dragon were sold out, but the products were replenished at the next trading time.
The above Ms. Liu introduced to the reporter of the Huaxia Times that she had also bought a 200g Chinese zodiac silver bar in the bank. The main reason was that the style was beautiful, but the liquidity would be poor, because the price of silver bars in the bank was slightly higher.
On April 23, the silver bars of the dragon year zodiac in the above banks were 14.8 yuan/g, higher than the gold price in the market. Flush According to iFinD data, silver spot price was 7011.00 yuan/kg on April 23.
"The product is called 'the treasure handed down from generation to generation'. It is mainly passed on to future generations. If you sell it, you will lose money," Ms. Liu said.
At the same time, silver sales in the water shellfish market have also increased since this year. According to the owner of an jewelry store, the silver price has risen too fast since March, and the source manufacturer almost quotes every day, so many customers come to inquire about silver materials. "In the past, large silver plates were used as raw materials for jewelry processing, but now they are also being sold directly as investment products."
However, during the silver boom, Mr. Chen, who used to do jewelry business, was unmoved. He said to the reporter of the Huaxia Times: "When I made silver jewelry in 2011, I left 10 kilograms of silver inventory, which was about 10 yuan/g at that time, but still has not returned the cost."
"It is understandable that some people have limited funds and want to make a profit by rubbing against the wind. But precious metals, as the cornerstone of family assets, need long-term investment and can only be realized as a last resort." Mr. Chen told the reporter of the Huaxia Times that, for example, in the seashell market, few people make money by the rise and fall of gold and silver prices. All of them rely on sales growth and labor fees to earn income.
The above Ms. Liu also said that she could not earn much money after buying silver materials for several years. The investment value of silver jewelry is lower. It is OK to wear silver jewelry if you like, but silver jewelry is not like gold. Gold jewelry and gold bracelets can be recycled in banks, jewelry stores or any street stores, but silver jewelry has no liquidity.
High level investment must be cautious
Compared with gold, which is widely concerned by investors, silver is much more low-key. In the view of insiders, similar to the reasons that drive the international gold price higher, the rise in silver price is mainly the result of the resonance of the triple factors of physical supply and demand, finance and risk aversion.
Gong Ming, precious metal analyst of Jinrui Futures, said that silver prices rose for several reasons. In addition to the logic of precious metals, the first reason is that in the past few years, silver has been dominated by interval shocks, which has obvious room for compensation compared with gold. Second, silver was still in short supply during the year, boosted by the continued high growth of photovoltaic module production, and the shortage was more serious than last year, which basically supported silver prices.
However, for novice investment, industry experts generally remind that high level investment in silver should be cautious.
On April 23, precious metals continued their downward trend, with gold and silver falling sharply collectively. Among them, the spot gold price in London fell below 2300 dollars/ounce. Silver prices fell even more, with London silver and COMEX silver falling by more than 4% and 5% respectively on April 22. As of 15:00 Beijing time on April 23, London silver fell below 27 dollars/ounce.
"Buy high and sell low. I shouldn't be leeks." On April 23, an investor said that he didn't want to take the spot silver, so he bought silver futures funds with the craze to earn some money quickly. But the price is too volatile, and he has left the market at a loss.
In the past two weeks, with the sharp rise and fall of precious metal prices, many institutions issued announcements to warn of risks.
Among them, bank for economic construction The announcement on the market risk warning of recent precious metal trading business was released, which pointed out that the price fluctuation of precious metals at home and abroad has intensified recently, and the market risk has increased. CCB reminded customers to improve their awareness of risk prevention in precious metal trading business such as personal gold deposit, reasonably control their positions, timely pay attention to the position and the change of margin balance, and make rational investment.
This is the first time China Construction Bank has issued a voice to warn about the risks of precious metal trading after this round of gold price rise.
As for this round of decline in precious metal prices, Guo Yingtong, an analyst at Shanghai Nonferrous Online Banking, said: "Recently, the geopolitical situation has eased, and the U.S. macroeconomic data is relatively strong, which delayed the market's expectation of the Federal Reserve's interest rate cut, and the sentiment of 'the profit news has been exhausted' appeared in the market."
"Compared with silver, investors tend to choose gold as a safe haven asset. Due to the low price of silver, the threshold for capital entry and withdrawal is lower than gold, and the decline in the market may be greater than gold," Guo Yingtong said.
But at the same time, many analysts should also look at the future market. Tianfeng Securities According to the research report released, the current gold silver ratio has reached a historical high of about 90, and the price of silver may be seriously underestimated. Historically, the gold silver ratio exceeded 90 only a few times, usually related to specific geopolitical conditions or economic environment. Historically, the average gold silver ratio is between 40:1-50:1. With the gradual recovery of economic activities and the change of market sentiment, the gold silver ratio is expected to be adjusted, indicating the potential upward space for silver prices in the future.
At the beginning of April, some investors reported to the reporter of the Huaxia Times that they wanted to open an account in the bank to purchase silver in the precious metal business, but mobile banking prompted that "this business also stops signing new customers". In fact, as early as the end of 2020, including state-owned big banks and joint-stock banks, due to the increase in price fluctuations in the precious metal market, they successively announced to suspend the opening of new customers' accounts related to precious metals.
In fact, the price of precious metal transactions is greatly affected by external events, Guotai Jun'an Tao Jinfeng, the futures, also reminded that when the US dollar rebounded, silver fell more rapidly than gold, so we need to be alert to the sharp fluctuations of silver prices caused by the short-term US dollar rebound.
"At present, the price of precious metals has reached a historical high. With the increase of the Federal Reserve's decision-making and the uncertainty of the global economy, the overall investment risk is increasing, so investors should not chase the high and participate blindly, and should pay attention to the management of positions and funds." Tao Jinfeng said.
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