BFS cattle Huigui metal hedging demand weakened silver or taking gains this week coinwatch

BFS cattle exchange: precious metals hedging demand weakened or taking silver this week or the client to view the latest market BFS cattle exchange September 9th hearing – Friday (September 9th) European time, spot silver prices continue to fall, is currently trading at $19.52 ounce, this week or a look completely taking. Overnight, the European Central Bank [micro-blog] announced the maintenance of existing monetary policy unchanged, market players are disappointed, precious metals hedging demand weakened. European central bank governor Delaki said it would not need to introduce additional stimulus, the market had expected the European Central Bank will further expand easing, which disappointed the market. The global low interest rate environment to provide a strong support for precious metals, Delaki speech, this support has weakened. Although the current speculative long positions high, showing confidence in the market is sufficient, but historical experience shows that investors want to follow the trend or to be careful. Although silver is used as an industrial raw material, more than half of the demand is for industrial use; while the world’s central banks are likely to be further relaxed expectations, speculative demand will also keep the price of silver. But from June 1st’s $15.82 ounce to $21.15 in July 4th, the fundamentals are not enough to support a jump of up to $32% a month, so investors are still cautious. Analysts said: "the price of silver is unstable. Over the past 10 years, the price of silver in the range of $7-50 shock. At the end of 6 when the price of silver is still very weak, the fundamentals themselves are not changed. No matter what assets, one or two months to rise in the face of the pressure of three Chengdu callback. Now the market sentiment is not only the central bank easing expectations, but also reflects the excessive optimism about industrial demand. Because the economy itself has not improved much, the callback is a considerable possibility." In addition, gold imports fell to the scale of the world’s second biggest gold consumer in India in August this year, the lowest level in 5 months, gold fundamentals or short-term pressure, associated with a higher degree of silver price, market outlook will inevitably drag on. Sina’s statement: sina.com.cn posted this article for more information to pass, does not mean that agree with their views or confirm the description. This article is for reference only and does not constitute investment advice. Investors operate accordingly, the risk of their own.相关的主题文章:

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