Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on November 15 was 5100.67 yuan / kg, a decrease of 1.19% compared with the average early trading price of spot market on the previous working day (November 12); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 8.10%.

On November 15, the spot market price of gold was 381.31 yuan / g, down 0.26% from the spot market price of 382.32 yuan / G on the previous working day (November 12), and an increase of 3.17% from the early average price of 369.60 yuan / G on the spot market price in early November (November 1); Compared with the beginning of the year (01.01), the spot price of gold was 392.70 yuan / g, down 2.90%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. Recently, at the end of September, the price of silver fell rapidly, and the rise and fall of precious metal prices converged. After the return of the national day, the price of silver hit the bottom and rebounded. The fluctuation amplitude of silver price is large, the price trend of gold and silver tends to narrow, and the recent price fluctuation of silver is relatively stable.

List of precious metal gold and silver position data

As of November 12, 2021, the holdings of SPDR gold ETF were 975.99 tons, an increase of 0.58 tons over last week. SLV silver ETF held 17051.96 tons, an increase of 122.33 tons over last week.

Price trend of precious metals and crude oil

Future forecast

International: the PPI of the United States rose 8.6% year-on-year in October and remained at a high level for more than 10 years; In October, CPI soared by 6.2% year-on-year, the largest increase since 1990, and core CPI increased by 4.2% year-on-year. The number of initial jobless claims in the United States last week was 267000, a new low since the epidemic, and the market expects 260000. In November, the initial value of the University of Michigan consumer confidence index fell to 66.8 from 71.7 in October, a 10-year low. Consumers expect inflation to rise to 4.9% in the coming year, the highest level since 2008. Job vacancies in jolts in the United States in September were 10.438 million, higher than the market expectation of 10.3 million.

Domestic: PPI and CPI data are higher than expected, reflecting certain domestic inflation. After the data are released, the price of precious metals has responded. It is expected that the price of precious metals will stabilize in the short term.