Understanding the Market | CHI SILVER GP rises over 9%, spot silver once reached 36 USD, hitting a nearly 13-year high
CHI SILVER GP rose over 9%, as of the time of writing, up 9.59%, priced at HKD 0.4, with a trading volume of HKD 21.2221 million. In terms of news, silver prices surged significantly yesterday, crossing the USD 36 per ounce mark for the first time since February 2012. Analysts suggest that after the Trump administration increased tariffs on imported steel and aluminum in early June, the market began to worry that the U.S. government might continue to impose tariffs on other key metals, driving up the prices of silver and platinum. Additionally, several recent macroeconomic data releases from the U.S. have performed poorly, leading to a rapid increase in market expectations for a Federal Reserve interest rate cut, which has also positively impacted precious metals with stronger industrial properties, such as silver and platinum. It is reported that CHI SILVER GP is a state-owned professional silver producer and comprehensive operator of silver, with business covering the entire industry chain of silver manufacturing, jewelry new retail, and silver trading
According to Zhitong Finance APP, CHI SILVER GP (00815) rose over 9%, up 9.59% as of the time of writing, priced at HKD 0.4, with a trading volume of HKD 21.2221 million.
On the news front, silver prices surged significantly yesterday, surpassing the USD 36 per ounce mark for the first time since February 2012. Analysts suggest that after the Trump administration increased tariffs on imported steel and aluminum in early June, the market began to worry that the U.S. government might continue to impose tariffs on other key metals, driving up the prices of silver and platinum. Additionally, several recent macroeconomic data releases from the U.S. have performed poorly, leading to a rapid increase in market expectations for a Federal Reserve interest rate cut, which has also positively impacted precious metals with stronger industrial properties, such as silver and platinum. It is reported that CHI SILVER GP is a state-owned professional silver producer and comprehensive operator of silver, with a business covering the entire industry chain of silver manufacturing, jewelry new retail, and silver trading
