On January 25, the average price of the silver market in early trading was 4,871 yuan/kg, a daily decrease of 1.4%. Compared with the pre-holiday (December 31) spot market price, the average morning price of the silver market was 4,770 yuan/kg, an increase of 2.12%.

​On January 25, the spot market price of gold was 376.04 yuan/gram, a daily increase of 0.22%. Compared with the spot market price before the holiday (December 31), the spot market price was 372.37 yuan/gram, an increase of 0.99%.

The convergence of precious metals gold and silver is relatively good, and the price of silver has a large amplitude and basically the same direction. But today the precious metals gold and silver moved in opposite directions.

Interest rate hike policy news

The Fed on Monday (January 24) used a reverse repurchase facility of $1.614 trillion.

Deutsche Bank: The European Central Bank is expected to raise interest rates by 25 basis points in December 2022; the RBA is expected to raise interest rates for the first time in August.

Market outlook

The price of precious metal silver is affected by the overall base metal factor, and has moved down significantly; but precious metal gold has stronger currency properties, and the recent interest rate hike news has suppressed non-interest-bearing assets. It is expected that in the short term, the price of precious metals is still in a stage of weak upward and weak consolidation.

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