Core Viewpoint - Recent significant declines in international gold and silver prices have been observed, with physical silver experiencing shortages in the market [1] Group 1: Market Trends - A Guangdong investor reported a delay of half a month to purchase 6 kilograms of silver bars, indicating supply chain issues [1] - The investor bought silver bars at approximately 13 yuan per gram and is currently facing a loss exceeding 8,000 yuan [1] Group 2: Expert Analysis - The research director of the China Foreign Exchange Investment Research Institute, Li Gang, cautioned against viewing silver merely as a "low-priced version of gold" [1] - Silver possesses dual characteristics as both a precious metal and an industrial commodity, with the gold-silver ratio remaining at historically high levels [1] - There is potential for silver to experience a relative rebound against gold if global monetary policies shift towards easing [1]

Core Viewpoint - Recent significant declines in international gold and silver prices have been observed, with physical silver experiencing shortages in the market, indicating potential investment opportunities and risks in the precious metals sector [1]. Group 1: Market Trends - International gold and silver prices have dropped sharply as of the latest reports [1]. - There is a noted shortage of physical silver, with investors facing delays in purchasing, as exemplified by an investor who waited two weeks to acquire 6 kilograms of silver bars [1]. Group 2: Investment Insights - An investor reported purchasing silver bars at approximately 13 yuan per gram, indicating a substantial unrealized loss exceeding 8,000 yuan based on current market prices [1]. - The research director at the China Foreign Exchange Investment Research Institute, Li Gang, emphasizes that silver should not be viewed merely as a "lower-valued version of gold," highlighting its dual nature as both a precious metal and an industrial commodity [1]. - The gold-silver ratio remains at historically high levels, suggesting that if global monetary policy shifts towards easing, silver may experience a relative price increase compared to gold [1].