Silver Investment Grows Fast And Risks Accumulate

Therefore, the interest rate increases.

"Many of my friends began to stir up paper silver from the beginning of the year, and the yield has been doubled.

I came here to open an account and join the army of fried silver.

25 in the afternoon, in Ji'nan industrial and Commercial Bank of China through ten Road branch business hall, the public Zhang Yongqiang said.

The reporter noted that many investors came to consult the T+D business and open accounts.

"Since the second half of last year, the number of accounts opened has increased significantly. The number of customers has increased exponentially this year."

A staff member of the bank said to the reporter.

Data from the business department of Shandong branch of ICBC confirmed the attractiveness of the silver business.

According to the briefing, the Bank launched its account banking (Zhi Baiyin) business since July last year. By the end of this year, the bank accounts for 2700 customers in Ji'nan, and 4500 new customers in the first quarter of this year.

In terms of trading volume, the volume of silver trading in the 7-12 months of last year was 93 tons, compared with 114 tons in the first quarter of this year.

It is understood that Societe Generale, Minsheng Bank, Shenzhen Development Bank and other banks opened an earlier silver T+D business.

"In the past few years, there has been no shortage of fire and gold, but the number of investors has been increasing since the second half of last year."

Liu Gang, manager of Ji'nan branch of Xingye Bank, told the reporter that paper silver is a personal credential type of silver. Investors must quote the bank's offer and buy virtual silver on the books.

Physical investment in silver increased simultaneously

On the 24 day, the reporter at Qilu Jindian learned that although the price of silver has been rising, many people still buy it.

A staff member of the store said that sales of silver began to grow steadily in the second half of last year, and it was hot before the Spring Festival. At present, the sales volume of silver is about 3 times that before the Spring Festival. Once a customer bought a more than 10 kilogram of investment silver bar at a time.

Shandong gold Xinyi Jewelry Co., Ltd. sold 20 kilograms of silver bullion last month.

It is understood that the latest domestic price of silver is 10 yuan / gram, and domestic gold price has been close to 318 yuan / gram, gold and silver price ratio to 30 times.

"Because gold bars and gold coins have a higher threshold for purchase, many ordinary investors with limited funds turn to buy silver products with lower thresholds.

But investors are generally faced with a lack of repo channel after buying silver and silver bars, and it is often difficult to make profits through direct selling.

Liu Gang believes that investors need to consider brand factors when buying real silver. Some collections such as panda silver coins and Expo Silver bars are easier to cash in.

He Baolong, a metal industry analyst at Lu Zheng futures, said that the price of silver market has been fluctuating fiercely recently.

By the rebound of the dollar, the international silver price fell, and the main trading varieties of domestic spot silver dropped significantly in the past two days.

"Go up faster and fall faster."

The Shanghai Gold Exchange announced that it had raised the margin ratio of the silver T+D contract from 12% to 15% since the end of the 25 day of liquidation, and the proportion of silver T+D contracts was adjusted to 8% on 26 September.