SILVER PRICE TRENDY CHART

(From https://www.kitco.com/)

Silver is a precious metal primarily used in jewelry, silverware, and industry, and is measured in dollars per ounce. Silver has been traded for thousands of years and was once used for currency circulation in the East. Compared with gold, the supply of silver is more abundant, and its fluctuation is greatly affected by speculation and the relationship between supply and demand. When risk aversion occurs, it will rise and fall with the price of gold. 

Silver volatility rose after the 2008 subprime mortgage crisis and hit an all-time high of $50 an ounce. Ag is the chemical symbol of silver in the periodic table of elements, its currency symbol is XAG, and X represents not belonging to any country. At present, silver is widely used in the electronics industry and is one of the most commonly traded commodities today. Mexico and Peru are the largest silver producers in the world today. 

China also has advantage on manufacturing silver products with Rhodium and Real gold plated. With high polishing technique and steady cz stone micro setting quality.

Silver Historical Chart for last 5 Years.

In the past three years, the price of silver has also received relatively large fluctuations. Compared with the stability in 2017-2019, there will be relatively large fluctuations in 2020. As of this year, the price is still affected by the Russian-Ukrainian war. The impact of the policy, etc., there are relatively large fluctuations. The price rose a few months ago, and today it has dropped to nearly 0.55 US dollars / gram.

(From https://www.kitco.com)

This is undoubtedly good news for customers who focus on making silver jewelry, which means that the procurement cost of goods will drop a lot. For our factory, our interests are tied with the interests of our customers. Our trend can bring us more orders.

Yanhong Jewelry

2022/07/25