Silver is based on supply and demand. If the output of silver increases significantly, silver will be affected and fall back. However, if the output stops increasing due to the long-term strike of miners, the price of silver will appreciate when the supply is less than the demand. In addition, the application of new gold mining technology and the discovery of new mines have increased the supply of silver, which will of course cause the price of gold to fall. A place may also have the habit of investing in gold, such as the silver investment boom in Japan, where the supply is less than the demand, which also leads to the price increase.

Second, the impact of the US dollar exchange rate.

The exchange rate of US dollar is also one of the important factors that affect the fluctuation of silver price.

Generally, in the spot silver market, the dollar rises and the price of silver falls; When the dollar falls, the law of silver price rising. A strong dollar generally means that the domestic economic situation in the United States is good, domestic stocks and bonds in the United States will be sought after by investors, and the function of spot silver as a means of value storage will be weakened; The decline in the exchange rate of the US dollar is often related to inflation and the stock market downturn, and the value-preserving function of spot silver is once again reflected. This is because the depreciation of the dollar is often related to inflation, while the value of spot silver is high. In the case of the depreciation of the dollar and the intensification of inflation, it will often stimulate the preservation and speculative demand for spot silver.

Third, the monetary policies of various countries are closely related to the international spot silver price.

When a country adopts a loose monetary policy, due to the reduction of interest rates, the country's money supply increases, which increases the possibility of inflation and will lead to the rise of spot silver prices.

Fourth, the impact of inflation on the price of silver.

In this regard, long-term and short-term analysis is needed, and it depends on the degree of inflation in the short term. In the long run, if the annual inflation rate changes within the normal range, it will have little effect on the fluctuation of silver price; Only in a short period of time, when the price rises sharply, causing people to panic and the purchasing power of the monetary unit drops, the price of silver will rise obviously.

5. The influence of international trade, finance and foreign debt deficit on silver price.

Debt is a worldwide problem, not just a unique phenomenon in developing countries. In the debt chain, not only the debtor countries can't repay their debts, which leads to economic stagnation, but also the economic stagnation further aggravates the vicious circle of debt. Even creditor countries are in danger of financial collapse because of the breakdown of relations with debtor countries. At this time, in order to maintain their own economy from harm, countries will reserve a large amount of spot silver, which has caused the spot silver price in the market to rise.

Intransitive verbs international political turmoil, war, etc.

Major international political and war events will affect the price of silver. The government pays for the war or in order to maintain domestic economic stability, a large number of investors turn to spot silver to preserve the value, which will expand the demand for spot silver and stimulate the price of silver to rise.

Seven, the impact of the stock market on the price of silver.

Generally speaking, the stock market falls and the price of silver rises. This mainly reflects investors' expectations of economic development prospects. If everyone is generally optimistic about the economic prospects, a lot of money will flow to the stock market, and the investment enthusiasm in the stock market will be high, and the price of silver will fall.

In addition to the above-mentioned factors affecting the price of silver, the intervention activities of international financial organizations and the policies and regulations of central financial institutions in China and the region will also have a significant impact on the changes in the world spot silver price.

Eight, oil prices

Silver itself is a hedge against inflation, which is inseparable from inflation in the United States. Rising oil prices mean that inflation will follow, and so will the price of silver. US API crude oil inventories last week US API (american petroleum institute) crude oil inventories last week This inventory quantity change will affect.

International crude oil prices, in theory, stocks decrease and crude oil prices rise, which is good for gold; The increase in stocks and the decline in crude oil prices are not good for silver.

The change of natural gas in American EIA (American Energy Association) reflects the energy utilization rate of the United States from another aspect, which in turn reflects the economic development of the United States and also has an impact on the international crude oil price. The data is greater than the previous value, reflecting that the United States has a good energy utilization rate, with more dollars and less silver.