BiyaPay Analyst: Silver rises surpassing gold, photovoltaic demand ignites market.

According to Shenchao TechFlow news, on November 28, since October 2023, the cumulative rise of spot silver has been about 163%, slightly surpassing gold's approximately 142%, completing a “value reassessment” with low attention. BiyaPay analysts point out that this round of silver rise is more inclined towards “industrial properties”: on the one hand, the explosive growth of photovoltaic installations is driving up the usage of silver paste; on the other hand, LSEG expects limited growth in silver supply, with mine closures imminent, leading the market to maintain a structural gap in the long term, giving silver a “slow to rise but stable in standing” mid to long-term allocation value. In the short term, one needs to be cautious of price pullbacks and fluctuations brought about by the overall cooling of precious metal sentiment.

Investors can participate in US stock, Hong Kong stock, and futures trading using USDT through BiyaPay, focusing on silver mining companies and metal-related targets, while enjoying 0 transaction fees for digital currency Spot and contract trading. They can flexibly allocate precious metals and digital assets within the same account to balance growth and hedging needs.