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Changes in Hong Kong stocks | China Silver Group (00815) fell more than 10% at the end of the year. Silver prices have fallen from the high point during the year, Goldman Sachs indicates that industrial demand is under pressure
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The Zhitong Finance App learned that China Silver Group (00815) fell more than 10% at the end of the session. As of press release, it decreased by 7.87% to HK$0.164, with a turnover of HK$13.523,900.

According to news, the intraday decline in spot silver widened to 2% to $52.77 per ounce on Tuesday, falling more than 56% from the January high. Goldman Sachs commodity strategist Quinn believes that the silver market is in a double predicament. A brief fall in the US dollar failed to boost silver prices, and the simultaneous collapse of AI data centers and the solar sector caused silver's industrial demand logic to be debunked.

Yuan Zheng, a precious metals researcher at Galaxy Futures, pointed out that about 90% of the value of gold is supported by monetary attributes, safe-haven demand, and central bank reserves, and industrial demand accounts for a very low share. However, about half of the value of silver comes from industrial demand such as photovoltaics, electronics, and new energy. When macroeconomic expectations are reversed, gold mainly withstands a correction in financial attributes, while silver has to bear the drag of industrial attributes and a correction in financial attributes at the same time.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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