Water Bai silver bars are priced at a premium of 3 to 5 percentage points, and the A-share precious metals sector has risen by nearly 70%.
Since the beginning of this year, the international gold futures prices have risen by over 17%, while silver prices have soared by as much as 55%. Zhao Chao, the co-chief analyst of metal and coal at Changjiang Securities, said, "Since January, the gold-silver ratio has dropped to around 50, reaching a 13-year low, due to the recent surge in silver outpacing that of gold." Looking at downstream consumption of gold and silver, some companies have indicated that there is strong buying sentiment in the market, leading to a significant increase in silver consumption. Insiders have noted that currently in the Shuibei market, physical silver bars are trading at a premium of approximately 3 to 5 percentage points. On the 27th, the A-share precious metals sector also saw a strong uptrend, rising nearly 4% in a single day. Since the beginning of the year, the sector has accumulated a total increase of nearly 70%. In recent times, aside from gold and silver, many other metal varieties have also experienced an upward trend.
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