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After a long month of running, three thrilling TV debates, and crazy hours, the US election is finally settled. Trump's victory was a real slap in the face to the mainstream American media and experts. Of course, this slap also shocked the global market.
Spot silver
The daily fluctuation range is close to .USD. According to statistics from ZHd, a well-known foreign financial blog, the trading volume of silver on election day is close to the highest record in history, second only to the British Brexit referendum.
Silver prices rose to a six-week high after news of Trump's victory.USD. This is what the market expected. The market generally expects that uncertainty about Trump's policies will help silver surge. However, after the results of the election were announced, the market took a turn for the worse. First, U.S. stock index futures recovered their intraday losses, European stocks recovered their intraday losses, and the U.S. dollar index recovered its intraday losses and continued to rise sharply. U.S. stocks rose sharply to a monthly high after opening, while silver was so domineering. As if being pushed off a cliff, in the end, silver prices gave up almost all of their gains and ended up rising only by .USD.
During the announcement of the results of the general election on Wednesday, investors were anxiously awaiting the results. As the results of each state were announced, the election plot had ups and downs and the ending was confusing. Uncertainty intensifies. As Trump's advantages gradually emerge, the market's anxiety gradually intensifies. During the Asian trading session on Wednesday, the panic index volatility index rose by more than %, and the front-month futures contract hit its highest level since the end of the month. Silver is also gradually moving towards its intraday peak.
The market generally believes that Trump’s potential trade protectionism, geopolitical risks, and policies such as tax cuts, increased military spending, and infrastructure construction are highly uncertain. In particular, his trade protectionist tendencies will undermine the global economy. trade, thereby disrupting the global economy, which is a huge boon for silver. Therefore, as the odds of a Trump victory increase, the price of silver goes higher and higher. ,
It will be like when B reopened Hillary’s email scandal, Trump’s support rate increased instantly, and the price of silver also continued to skyrocket that day, with an increase of US$.
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