Mainly considering that silver is more elastic and scarce than gold. From the historical trend, the volatility of silver is about 1.6 times that of gold. At the same time, silver is more scarce than gold. According to the existing global total reserves, the total reserves of gold can be mined for 69 years, while silver can only be mined for 23 years. Nearly 60% of the demand for silver comes from industrial use, while gold is less than 10%.
And in the past four years, silver ETF positions have been relatively stable, while gold ETF positions have shrunk dramatically, which shows that long-term holders of silver ETFs are more determined to see more. The investment in the futures part of the silver fund is mainly used to provide risk exposure for commodities; Fixed-income investment mainly increases income on the basis of ensuring liquidity and controlling tracking error.
In particular, cash and money market instruments with sufficient reserves can supplement the margin consumption of futures and meet the redemption demand. Long-term investment in silver can be realized through silver funds, and adding silver funds to the portfolio can also optimize the portfolio and spread risks; In addition, the silver fund will be listed on the exchange in the future, and it can also become a short-term trading tool.
Extended data:
As of July 20, 20 15, the price of silver was 3259 yuan/kg.
At the end of 20 15, the total trading capital position of the silver exchange decreased by 3% to 18857 tons, which was 7% lower than its historical high at the end of 20 14. Meanwhile, the weakness of industrial products also played a role. Some end uses of silver and copper are driven by the same basic principles. Compared with the end of 20 14, the copper price has dropped by nearly 30%, which further suppressed the investment interest of institutional investors.
On the contrary, the silver retail market continued to be active at 20 15. In 20 15 years, the falling price of silver stimulated small and medium investors to buy on dips, and global physical silver investment rose by 1 1%, reaching 9798 tons, a record high.
People's Daily Online -SDIC UBS Zhao Jian: The upward momentum of silver is accumulating.
People's Daily Online -20 15 The global polarized retail market for silver investment continues to be active.