As for the seasonal analysis, it is mainly the supply of silver. We all know that supply and demand determine the price of silver, so we can also judge the rise and fall of silver price by studying the relationship between season and supply and demand. Generally speaking, silver consumption is low in the first half of each year, and it is strong in the second half. During the Spring Festival, the demand for silver is the greatest, and the price of silver is also rising.
Second, the reverse movement of the dollar and silver.
As we all know, the US dollar is an international currency, and precious metals such as gold and silver are all denominated in US dollars. Therefore, studying the relationship between the dollar and silver can also judge the short-term trend of silver. When the dollar is strong in the short term, silver usually falls, and conversely, when the dollar is weak, the price of silver rises. Therefore, the fundamentals have not changed significantly, and the trend of silver can be judged by the price of the US dollar.
Think about the same trend of international oil price and silver price.