Silver price has risen by more than 20% in more than two months. Industry insiders: silver price may fluctuate upward in 2023.

[silver prices rise by more than 20% in more than two months: silver prices may fluctuate upstream in 2023] data show that silver prices rose from 4874 yuan / kg at the end of February this year to a high of 5866 yuan / kg in early May, with an increase of more than 20 percent in more than two months. The reporter learned from a gold and silver jewelry processing enterprise in Jiyuan, Henan Province, the main producing area of silver that from the beginning of the year to now, the wholesale demand has increased significantly compared with the same period last year. In a silver jewelry store in Jiyuan, the clerk told reporters that due to the rise in upstream silver prices, the price of silver jewelry in the store also increased slightly, but it did not affect consumers' enthusiasm for buying. The reporter learned that the industrial demand for silver has also increased significantly in recent years. According to the statistics of the World Silver Association, the global silver supply is between 25000 and 26000 tons in 2023, with a shortfall of about 4000 tons, and inventories are also at an all-time low. Industry insiders believe that the price of silver will fluctuate upwards in 2023. (CCTV Finance)