Alert for Catching Silver’s Last Train| KOL Forex Analysis•Jasper Lo

　　Prices of precious metals have been rising on the weak DXY since March and even soared in July, wherein silver and gold crowned the best performers with the biggest monthly gains in the decade. Prices of spot gold increased by 11.25% in July while spot silver even picked up 36.40%. Although palladium and platinum swelled 7.95% and 9.22% respectively, it is notable that platinum spot prices have been remaining stable since the beginning of this year, rather than seeing aggressive growth as other three precious metals.

　　Silver was the major precious metal in China before Qing dynasty, thus there have emerged silver-oriented institutions (banks today), the circulation of silver as currency, silver tickets (bank notes today) and so on. It is after the U.K. took the lead to adopt the gold standard between 1816 and 1821 that the status of silver was replaced by gold globally.

　　Precious metals have undergone profound adjustments over the past decade. No one had ever expected that platinum, the most precious metal all the time, would be much cheaper than palladium and gold. As of the time of writing, platinum spot prices hover around $966 while gold settles at $2,040, palladium stands at $2,180 and silver finds itself in $26.95. By this account, palladium has ousted platinum from the most precious metal.

　　Silver prices have been weak since 1980, lagging behind the market of precious metals. The major reason lies in the slump in industrial demands. Unlike gold, which shows significant power in inflation hedge and risk aversion, silver, palladium and platinum are mainly used for industrial purposes. While central banks' forex reserves and gold reserves sound familiar, silver reserves or platinum reserves are never heard

　　Gold defeats silver in terms of the overall performance over the past ten to fifty years. The outstanding performance of silver in recent months, however, is because the silver ETF(exchange traded fund) was listed and even HKEX(Hong Kong Exchanges and Clearing Limited) has promoted silver futures. The rare prosperity in silver was fueled by people deliberately. Thus, there is no substantial evidence for this kind of boom. On the contrary, the uptrend in palladium and platinum is relatively rational without any foreign intervention. Gold is possible to fresh a new high based on both facts and analysis. Instead, silver prices is spiking in a farfetched way for me. In this regard, it should be alert whether you are on silvers free ride or last train.

　　[About The Author]

　　Since 1987, Jasper Lo has been engaged in the financial industry

　　(forex, futures and gold) for more than 32 years and holds forex R.O.,

　　securities and futures broker licenses. Mr Lo is an expert in trading

　　forex, precious metals and commodity futures and an basic and technical

　　analyst.

　　Over the years, Mr Lo won many individual and team sales champion

　　awards, as well as outstanding employee awards. He was invited, as a

　　guest mentor, to the University of Hong Kong, Guangdong Ocean University

　　and Guangzhou Jinan University. And he was also appointed as the chief

　　training consultant by Hantang Securities and Dongguan Securities in

　　China.

　　Mr Lo's experience as guest of honor invited by media including Chinese and English newspapers and columnist:

　　-Guest of honor invited by TVB New Channels such as Finance Channel, Forex Focus, Global Watch

　　-Guest of honor invited by Now Finance Channel - Forex Reports

　　-Guest of honor invited by i-CABLE Finance Info Channel - Forex Opportunities

　　-Guest of honor invited by ViuTV - Investor Smarter Group

　　-Columnist of Finance and Forex Market of Ming Pao

　　-Presenter of Finance and Forex Forecast of Ming Pao

　　-Presenter of Investment 36 Stratagem and Technical Analysis in 1 Min of Ming Bao Finance

　　-Appointed lecturer of Ming Pao Investment Seminar and Paid Course

　　-Author of the best seller Investment 36 Stratagem

　　-Columnist of Forex Expert, Forex Analyst, Marathon Weekly of ET Net

　　-Guest of honor of Open Good Morning of ET Net

　　-Guest of honor of Metro Finance Channel - Market Opening, Instant

　　Market Fighting, Guangdong-Hong Kong Finance, Finances Power, Market

　　Analysis

　　-Guest of honor of New Era of Investment of RTHK

　　-Columnist of Capital Commodities of Capital Weekly

　　-Guest Presenter of Wang Guanyi Online Finance Channel - Fund and Commercial Bond

　　-Columnist of Wealthub Finance and Investment Smart Platform of Enrich Culture

　　-Guest presenter of Weekly Investment in the World of Enrich Culture

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