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[Xirui Bulk Market Review]
On the previous trading day, international Xirui bulk prices rose and fell, with a single pin reaching the top. The silver price faces the risk of adjustment in the short term. Xirui bulk prices have experienced a crazy rise since the beginning of this month. So far, the monthly increase has exceeded %, which is the third largest increase in the past ten years. Second only to the .% of 2018 and the .% of 2018, after experiencing a month-long decline, Xirui bulk finally broke out in March. However, at present, this outbreak seems to be coming to an end, and the risk of a correction in silver prices is increasing. Overall, the horizontal channel remains intact, with slight signs of a correction.
On the month, the opening price of spot Xirui bulk was .USD/ounce, the highest was .USD/ounce, the lowest was .USD/ounce, and the closing price was .USD/ounce, which was down by cents from the previous trading day. The silver price Rush high and fall.
[Fundamental Analysis]
The United Nations Security Council voted on the Syrian issue on Wednesday. Currently, the United States, Germany and the United Kingdom are seeking UN authorization for Western military operations. Russia said the move was too hasty and seemed determined to oppose it. UN Secretary-General Ban Ki-moon said the UN mission would need four days to summarize its findings and analyze the findings. The U.S. State Department issued its latest view on the situation in Syria in the Middle East country on Wednesday (June 2), expressing regret that the solution previously proposed by the British was once again rejected by Russia, and said that Russia’s opposition should not be taken seriously. Serve as a protective umbrella for the Syrian authorities. With the Syrian issue unresolved, the market's risk appetite is difficult to improve, and safe-haven funds still favor traditional safe-haven assets such as gold, Swiss bulk, and bonds.
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