Precious metal prices rebounded in May

On June 2, the average price of silver market in the morning was 5656.67 yuan / kg, compared with the average price of spot market in the morning of June 1, 5739.67 yuan / kg; Down 1.45%; Compared with the early average price of 5321.67 yuan / kg in the spot market in early may (May 1), the increase was 6.30%; Compared with the spot price of silver at the beginning of the year (01.01), it was 5550 yuan / kg, up 1.92%.

The spot price of gold on June 2 was 389.30 yuan / g, down 0.94% on June 1; Compared with the spot market price in early may (5.1), the average price in the morning was 369 yuan / g, up 5.50%; Compared with the spot price of gold at the beginning of the year (01.01), it was 392.70 yuan / g, down 0.87%.

On the 28th, due to the rising yields of US dollar and US Treasury bonds, precious metals were suppressed to a certain extent. The dynamic price of precious metals is weak.

The recovery of precious metals tends to fluctuate

In the first ten days of March, the international gold price fell to the 1670 line. After falling again at the end of March, the rising mode started in April and may, and recently it fluctuated in the 1900 line.

Recently, the investment demand has improved. On the one hand, it is based on inflation expectation; on the other hand, after the previous slump, the price performance ratio of precious metals has risen; At present, the price is close to the early game concussion range, and the precious metal upward is blocked. In the medium and long term, precious metal prices are supported by monetary easing expectations, but in the short term, there are risks of downward shocks.

Silver consumption expected to improve

In terms of physical consumption, the industrial demand for silver and platinum is expected to grow strongly driven by economic recovery, especially driven by the concept of green and renewable energy.

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