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SunSirs: On November 16, Price of Precious Metals in the Chinese Market Rose Slightly
November 17 2021 09:00:44SunSirs(Linda)

Precious metal spot price trends

The silver market's average early trading price on November 16 was 5,115 yuan/kg, which was 5,100.67 yuan/kg compared to the previous working day's (November 15) spot market price, an increase of 0.28%; compared with the beginning of the year (01.01) silver spot price was 5550 Yuan/kg, a decrease of 7.84%.

The spot market price of gold on November 16 was 382.73 yuan/g, down 0.37% from the previous business day (11.15) spot market price of 381.31 yuan/g, and compared with the early November (11.1) spot market price at the early trading average price of 369.60 yuan/g. The increase was 3.55%; compared with the beginning of the year (01.01), the spot price of gold was 392.70 yuan/g, a drop of 2.54%.

The price trend of precious metals, gold and silver in the past year

The precious metals gold and silver have relatively good convergence, and the price of silver has a larger amplitude, and the direction is basically the same. Recently, the price of silver has fallen sharply at the end of September, and the price of precious metals has risen and fallen at the same rate. After the National Day returns, the price of silver has bottomed out, and the price of silver has fluctuated greatly. The price of gold and silver has tended to narrow. Recently, the price of silver has stabilized.

Outlook forecast

Precious metal prices are expected to stabilize in the short term.

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