银价再度回调！水贝市场投资银条、银锭“降温”，现货回归

Core Viewpoint - The recent fluctuations in silver prices have led to a notable impact on the physical silver trading market, with a decrease in demand for silver bars and an increase in the availability of silver products [1][7]. Group 1: Silver Price Trends - As of January 8, the spot price of silver has dropped over 4%, reaching $75.15 per ounce, continuing a recent trend of volatility [1]. - The price of silver in the Shenzhen market is reported at 21.7 yuan per gram, with silver bars priced at 22 yuan per gram, including processing fees [1][7]. - The price of silver on January 7 was 22.4 yuan per gram, which, despite a decline from previous highs, remains above the 21 yuan per gram level recorded on January 4 [7]. Group 2: Market Dynamics - The demand for physical silver has cooled, with many shops in the Shui Bei market displaying various weights of investment silver bars and ingots [3][7]. - The increase in gold prices has led to a rise in silver jewelry sales, indicating a shift in consumer preferences [4]. - The market has seen a notable change in the availability of physical silver, with reports of sufficient stock for investment silver bars and ingots [7]. Group 3: Influencing Factors - The recent decline in domestic silver prices is attributed to a significant correction in international silver prices and a strengthening U.S. dollar, which diminishes silver's appeal as a non-dollar asset [10]. - The China Securities Regulatory Commission has implemented trading limits on silver futures contracts to temper market sentiment [10]. - Analysts from CITIC Securities suggest that the surge in silver prices is driven by multiple factors, including a reassessment of its financial attributes, tight physical supply, market sentiment, and macroeconomic conditions [10].