The highest is 20 1 1, and it rose to nearly 50 dollars an ounce in April, and it was changed into RMB close to 10 yuan, 1 gram. The historical low is 65,438+0,993, and 1993 fell to more than 3.5 ounces at the beginning of the year. According to the current exchange rate of RMB against the US dollar, it is more than 70 cents, 1 gram.
The relationship between the dollar and silver can judge the short-term trend of silver. When the dollar is strong in the short term, silver usually falls. On the contrary, when the dollar is weak, the price of silver will rise.
Therefore, the fundamentals have not changed significantly, and the trend of silver can be judged by the price of the US dollar.
Paying attention to the international crude oil price can also judge the trend of silver. Under normal circumstances, the rise in crude oil prices will bring about a short-term rise in silver prices.
The relationship between supply and demand determines the price of silver, so studying the season and the relationship between supply and demand can also judge the rise and fall of silver price. Under normal circumstances, silver consumption is less in the first half of each year, and consumption is strong in the second half. During the Spring Festival, the demand for silver reaches the maximum, and the price of silver will go up.
Extended data:
Silver is a non-ferrous metal. When the demand for non-ferrous plate increases obviously, it will make the international gold price and silver price stronger. With the development of international economy, the demand for international commodities such as non-ferrous metals will increase, which will drive the price of silver to rise.
Spot silver reserves have always been regarded by the central bank as an important means to prevent domestic inflation and regulate the market. For ordinary investors, investing in spot silver is mainly to achieve the purpose of preserving value under inflation.
During the economic downturn, because spot silver insured monetary assets, the demand for spot silver increased and the price of gold rose.