Silver Shines in China Amid Rally in Gold Prices
China News
April 17, 2024
As gold prices surge, silver is also experiencing a notable rise in both price and demand, particularly in China. Jewelry retailers in Shanghai report a more than 20 percent increase in spot silver prices since early March, driven by rising demand from consumers and industrial sectors. Analysts attribute silver's rally to the strong support provided by the surge in gold prices, along with growing demand from industries like solar energy.