The demand for physical silver into the season the price of silver is expected to continue strong

The demand for physical silver into the season the price of silver is expected to continue strong Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Huitong network September 7th News – Wednesday (September 7th) European time, the spot price of silver shock downward adjustment, near the biggest intraday decline widened to 0.70%, currently trading at around $19.95 an ounce. Compared with the August 29th low of $18.39 an ounce, silver prices rose more than 5%, the market expects the fed to raise interest rates to cool and real silver demand into the season, the price of silver is expected to remain strong. However, as long as the Fed does not rule out the possibility of interest rate hikes in the year, the price of silver is difficult to smooth. U.S. economic data released on Tuesday showed weak overall performance. Among them, the greater impact on the market in the United States in August ISM non manufacturing index fell to a minimum of six and a half, further weakening the expected rate hike this month. ISM said last month, seven industries of transportation and warehousing, wholesale trade, retail trade, art, entertainment, shrinking, including utilities, real estate, finance and insurance, health care and social assistance, information and professional services, the 11 industry and science and technology services, growth. Services accounted for more than 2/3 of U.S. economic activity, the results of this survey and the growth of GDP echoes, the survey has a lot of negative evaluation, but also need to see the next 2 to 3 months, the impact of the data. The latest federal fund futures price trend shows that in September the possibility of interest rate increase of less than 20%, but the probability of interest rate hike in December is still more than 50%. After entering September, China’s holidays increased, especially in the "eleven long" during the marriage, the concentration of the outbreak, gold and silver jewelry for the rapid growth in demand. In India there is a similar situation, the wedding season begins in October, India will be the Diwali gold and silver demand to the peak. In addition, India as the largest consumer of gold, the main needs of its population from rural areas, after harvest, India farmers tend to buy some of the proceeds of gold as a family asset reserve. Therefore, the market demand for physical silver in Asia is expected to be higher, which is expected to push up the price of silver. On Thursday, the European Central Bank will announce a new interest rate decision, precious metals prices will face new risk events. Technical analysis of the daily, MACD red column further enlarged, KD index is expected to stand on the overbought area, early or too large, there are indicators of repair and adjustment requirements; 1 hour chart, the 5 wave of short-term upward or has ended, 3 waves down to adjust the structure. Beijing time 15:41, spot silver reported $19.92 ounces. Enter the Sina financial stocks] discussion相关的主题文章: