CHI SILVER GP (00815) gained 6%. As of press time, the stock rose 6% to HK$0.53, with trading volume reaching HK$23.47 million.
On the news front, spot silver broke through $43 per ounce, hitting a new high since September 2011. Jinxin Futures believes that the Federal Reserve's trend toward continued interest rate cuts remains unchanged, and the core factors driving this round of gold and silver bull markets have not changed.
From a medium to long-term perspective, with "gold setting the stage and silver taking the spotlight," as gold rises steadily, silver is also expected to welcome its main upward wave. The firm believes international silver has the potential to target the historical high of $50 per ounce, while domestic silver may break through the 11,500-12,000 yuan per kilogram range.