Summary of spot price trend of precious metals

 

PVA 0599 (PVA BF05)

According to the data of business agency, the average price of silver in the early trading on May 16 was 4667 yuan / kg, down 5.29% from 4927.67 yuan / kg in the spot market at the beginning of the month (May 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 4770 yuan / kg, a decrease of 2.16%.

 

On May 16, the spot market price of gold was 396.19 yuan / g, down 2.30% from the early average price of 405.51 yuan / g at the beginning of the month (May 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 372.37 yuan / kg, an increase of 6.4%.

 

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

 
In the long term, the price trend of precious metals tends to be similar, the long-term trend is basically the same, and the amplitude is slightly different.

 

Price trend of precious metals and crude oil

 

List of policies

 

POLYVINYL ALCOHOL

1. Domestic news

 

The central bank conducted a one-year MLF of 100 billion yuan on the 16th, and the bid winning interest rate was 2.85%, the same as before

 

For households who purchase ordinary self owned houses with loans, the lower limit of the interest rate of commercial individual housing loans for the first set of houses shall be adjusted to not be lower than the market quotation interest rate of loans for the corresponding period by 20 basis points, and the lower limit of the interest rate policy of commercial individual housing loans for the second set of houses shall be implemented in accordance with the current provisions.

 

Future forecast

 

Overseas inflation expectations have intensified. The European Commission predicts that inflation in the eurozone will reach 6.1% in 2022, compared with 3.5% in February, and will fall to 2.7% in 2023, much higher than the ECB’s target. The Fed’s interest rate hike has led to frequent interest rate hikes by central banks, and the international monetary easing policy has been gradually tightened to suppress the price of precious metals of interest free monetary assets. Risk aversion will be released in the short term, and it is expected that the weak operation will be dominated in the near future.

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