On February 16th, according to Jinshi data, in South Korea, the buying spree for gold has led to a shortage of gold bars, causing some investors to turn to buying silver, which has also led to a tight supply of silver in the market. It is understood that three different specifications of silver bars sold by the South Korean gold exchange have all been sold out. The large commercial bank, the National Bank of Korea, sold 162 kilograms of silver bars in one day on the 12th, which is about 20 times the monthly average level. Driven by international silver prices and demand, data from the South Korean gold exchange shows that the price of silver per gram in South Korea was 1792 Korean won (about 9 yuan in RMB) on the 14th, an increase of about 10% from the beginning of the year. Market analysis believes that the current silver investment frenzy in South Korea is an alternative demand after gold investment is hindered. It is important to be cautious and avoid following the trend in an overheated atmosphere.
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South Korea is now hot in silver investment, and silver bars are sold out.
On February 16th, according to Jinshi data, in South Korea, the buying spree for gold has led to a shortage of gold bars, causing some investors to turn to buying silver, which has also led to a tight supply of silver in the market. It is understood that three different specifications of silver bars sold by the South Korean gold exchange have all been sold out. The large commercial bank, the National Bank of Korea, sold 162 kilograms of silver bars in one day on the 12th, which is about 20 times the monthly average level. Driven by international silver prices and demand, data from the South Korean gold exchange shows that the price of silver per gram in South Korea was 1792 Korean won (about 9 yuan in RMB) on the 14th, an increase of about 10% from the beginning of the year. Market analysis believes that the current silver investment frenzy in South Korea is an alternative demand after gold investment is hindered. It is important to be cautious and avoid following the trend in an overheated atmosphere.