That's about it! The international demand for silver is directly related to the use of spot silver.

Changes in the actual demand for spot silver (jewelry industry, industry, etc.). Generally speaking, the development speed of the world economy determines the total demand of spot silver. For example, in the field of microelectronics, point silver is increasingly used as a protective layer; In the fields of medicine, building decoration, etc., although the progress of science and technology makes the substitutes of spot silver appear constantly, the demand of spot silver is still on the rise because of its special metal properties.

The need to preserve value. Commodity and silver reserves have always been regarded by the central bank as an important means to prevent domestic inflation and regulate the market. For ordinary investors, investing in spot silver is mainly to achieve the purpose of preserving value under inflation.

Speculative demand. According to the international and domestic situation, speculators use the fluctuation of gold price in the spot silver market and the trading system in the spot silver futures market to "short" or "cover" spot silver in large quantities, artificially creating the illusion of spot silver demand. When a large number of stop-loss selling was triggered, the spot silver price fell, and the fund company took the opportunity to make up the position and make a profit. When the gold price rebounded slightly, the hedging forward selling from manufacturers suppressed the further rise of spot silver price, and at the same time gave the fund company a new opportunity to re-establish short positions, forming a downward pattern of spot silver price at that time.