Workflow
中国储量位居全球前五银价小涨
Jin Tou Wang·2025-10-20 04:27

Group 1 - The current trading price of spot silver is above $52.00, with a recent high of $52.26 and a low of $51.25, indicating a short-term oscillating trend [1] - China ranks among the top five countries globally in silver reserves, holding approximately 11% of the world's total silver reserves, with over 1,500 silver mines [2] - In 2024, China's silver production is projected to be 3,426 tons from mining and 1,233 tons from recycling, but domestic resources are insufficient to meet the growing demand, necessitating imports [2] Group 2 - Industrial demand drives silver consumption in China, with total consumption expected to reach 9,428 tons in 2024, of which 8,567 tons will be from industrial use, particularly in the electrical and electronic sectors [2] - The price of silver has seen a significant increase this year, influenced by social media promotions in India suggesting silver as the next investment opportunity following gold [2] - The premium of silver prices in India has risen from a few cents to over $1 due to supply constraints, coinciding with a surge in demand [3] Group 3 - Last Friday, silver faced strong selling pressure as the gold-silver ratio climbed to 82.00, despite the relative strength index (RSI) indicating an overbought condition at 78 [4] - Current support levels for silver are noted at $51.20 and $49.85, while resistance levels are at $52.35 and $53.00 [4]