According to the data of business agency, on February 25, the average price of silver market in early trading was 4952.67 yuan / kg, down 1.45% daily, up 3.33% from the average price of 4793 yuan / kg in spot market before the holiday (January 31).

 

On February 25, the spot market price of gold was 389.30 yuan / g, down 0.68% on the day, up 4.36% from the spot market price of 373.05 yuan / g before the holiday (January 31).

 

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Comparison of price trends of precious metal gold and silver in recent 1 year

 
In the long term, the price trend of precious metals has a good convergence and the trend is basically the same.

 

Price trend of precious metals and crude oil

 

War emergency sentiment subsided and precious metal prices retreated

 

The conflict between Russia and Ukraine intensified, and the war triggered a sharp decline in global stock markets, pushing up oil prices and prompting investors to buy Precious Metal Gold for safe haven.

 

The war triggered huge fluctuations in market sentiment, and the precious metals gold and silver rose sharply; With the development of the war situation, the United States and NATO “online support” did not put out the fire and only stayed on the new sanctions. Biden made it clear that he would not fight with Russia in Ukraine. The uncertainty of the war in Ukraine was weakened, the market panic was reduced, and the price of precious metals was corrected after soaring.

 

Short term formation of uplink channel

 

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The recent impact factors of precious metal news are mainly divided into two lines; First, the conflict between Russia and Ukraine is constantly fermenting, and there should be more risk aversion; Second, US inflation soared, and the expectation of raising interest rates suppressed the interest free assets of precious metals.

 

In the short term, the impact factors of the expected interest rate increase have weakened. The risk aversion caused by the conflict between Russia and Ukraine dominates the recent price market. At present, the upward channel is formed in the short term.

 

Future forecast

 

In the long run, the monetary easing policy is gradually ebbing, and the expectation of interest rate hike suppresses the continuous rise of precious metal prices. In the short term, precious metals are likely to continue to rise, but there is an upper limit.

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