Hong Kong Stock Concept Tracking | Industrial Demand + Safe-Haven Attributes + Interest Rate Cut Expectations Triple Catalyst, Silver's Future Performance May Exceed Expectations (Including Concept Stocks)

According to Zhitong Finance APP, on June 6th, Eastern Time, the spot gold price fell by more than 1.2%, closing at $3,309.47 per ounce. On June 7th, the gold price of some domestic brand jewelry also fell below 1,000 yuan per gram. As gold prices began to fluctuate at high levels, silver prices have continued to rise recently, attracting market attention. Data shows that this week, the spot silver price has cumulatively risen over 9%, briefly surpassing $36 per ounce, the first time since February 2012, with silver prices increasing more than gold, highlighting investors' enthusiasm for silver.

Traditional safe-haven asset gold has risen over 40% in the past 12 months, mainly supported by the escalation of the global tariff war and continued purchases of gold by major central banks. Although silver's year-to-date increase (about 19%) lags behind gold, its industrial properties have become an important driving force—silver, as a core material for solar panels, is showing a tight balance between supply and demand. Institutions predict that the silver market will face a supply shortage this year.

Unlike gold, which has purely monetary attributes, silver has dual attributes—it is both a financial asset and an industrial raw material. As an industrial raw material, silver plays a key role in clean energy technology, especially as a core material in solar panel manufacturing, with demand continuing to grow. This provides a solid fundamental support for prices to some extent.

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 silver and platinum prices. Additionally, several recent macroeconomic data releases from the U.S. have performed poorly, leading to a rapid fermentation of market expectations for Federal Reserve interest rate cuts, which has also positively driven precious metals with stronger industrial properties, such as silver and platinum.

With the adjustment of tariff policies, the global trade landscape is facing reshaping, and the stability of the metal market's supply chain is being impacted. Investors, in order to avoid potential risks, are shifting funds to relatively stable and safe-haven precious metal markets, with silver being an important member, naturally becoming the direction of fund inflows. This market behavior driven by macro policy changes has directly propelled silver prices to surge sharply in the short term.

Guoxin Futures stated that factors such as intensified global trade friction and geopolitical conflicts, the impact of the U.S. stablecoin bill on the dollar's credit, and significant policy differences within the Federal Reserve have led to multiple premiums for precious metals, with short-term price fluctuations in precious metals expected to significantly intensify. If global trade friction or geopolitical conflicts further escalate, silver, possessing both industrial metal and safe-haven asset attributes, has relatively large valuation recovery space.

Moreover, data released on Wednesday showed a contraction in U.S. service sector activity and a slowdown in employment growth. Consequently, government bond yields fell, and swap traders began to bet that the Federal Reserve would cut interest rates twice in October and December. A lower interest rate environment typically benefits non-interest-bearing precious metals, and silver, due to its higher price elasticity, often performs more prominently in such environments.

Analysts believe that this round of silver surge may just be the beginning—when safe-haven demand meets industrial shortages, combined with expectations of monetary easing, such a combination often leads to price shocks that exceed expectations.

Related concept stocks: China Silver Group (00815): China Silver Group 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. The company holds certification from the London Bullion Market Association (LBMA), and its "silver ingot purity reaches 99.999%", which is at the highest level globally. In 2024, the company achieved total operating revenue of 4.319 billion yuan, a year-on-year decrease of 20.97%; net profit attributable to the parent company was 9.966 million yuan, a year-on-year decrease of 31.5%.

Zijin Mining (02899): As a global comprehensive mining giant in silver, copper, zinc, and other metals, Zijin Mining benefits from rising prices of gold, copper, and other metals, and has strong long-term growth potential, possibly benefiting from the price increase of industrial metals. In the short term, attention should be paid to the impact of capital flows and fluctuations in commodity prices on stock prices.

Jiangxi Copper Company (00358): Jiangxi Copper is an important silver production base in China, and its "Jiang Copper brand" silver is a registered product of the London Bullion Market Association (LBMA), with international recognition. Although the company's silver business accounts for a small proportion (about 3.25%), it is a byproduct of copper and gold smelting, with stable production and international competitiveness. If silver prices continue to strengthen or industrial demand further increases, this business may bring additional revenue to the company