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What is the silver fluctuation range of ICBC name and currency account?
Hello, ICBC's RMB account silver business is commonly known as RMB paper silver. The trend of paper silver is mainly determined by the trend of international spot silver, and the rise and fall of spot silver is the same, mainly focusing on the international silver price. The main factors affecting the price of silver are: 1, inflation, financial crisis and political turmoil in the international community.

The fluctuation trend of the world economic cycle, interest rate changes in the local market and the international money market, and fluctuations in the stock market, foreign exchange market and other investment markets will also directly affect the fluctuation of silver prices. At present, the price of China silver market is also restricted by the above factors, which is basically in sync with the world.

2. Fluctuations in the exchange rate of the US dollar and oil prices.

When the oil price in the international market continues to rise, the price of silver will continue to rise. The reason is that the increase of oil revenue in oil-producing countries will affect the market demand for silver. At the same time, because the current international oil price is priced in US dollars, the rise in oil prices will often lead to the depreciation of the US dollar, which in turn will lead people to snap up silver to preserve its value, thus stimulating the rise in silver prices. On the other hand, if the oil price continues to fall due to the oversupply of oil, it will have a great impact on the decline of silver price.

3. Supply and demand factors

The price of silver is based on supply and demand. If the output of silver increases significantly, the price of 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 in the case of short supply. In addition, the application of new silver mining technology and the discovery of new mineral deposits will increase the supply of silver, which will of course cause the price of silver to fall. At the same time, if a place has the habit of investing in silver, such as the silver investment boom in developed cities in Japan and China, the demand will increase greatly and the price of silver will also rise.