#1
#1 out of 1562.0 est. views
business21h ago
Why silver is rallying even without Wall Street's support
- Chinese demand is pushing Shanghai silver prices to a record premium over London benchmarks.
- Investors in futures and ETFs have pulled back, while retail and Chinese buyers buoy the rally.
- Analysts cite potential profit-taking ahead of the Chinese Lunar New Year as a risk.
- Industrial demand from China's solar sector is a key component of consumption growth.
- The market remains constrained by elevated lease rates, supporting prices.
- BMI expects silver prices to ease as supply tightness improves and industrial demand peaks.
- The gold-to-silver ratio has fallen to a four-year low, signaling relative silver strength.
- Saxo Bank analyst Ole Hansen links the rally to Chinese retail buying and limited retail selling abroad.
- Analysts warn that common stock market drivers may not sustain the rally without continued Chinese demand.
- In summary, China’s solar and broader industrial demand shapes silver’s near-term trajectory.
Vote 0