BiyaPay Analyst: Silver rises surpassing gold, photovoltaic demand ignites market.According to Deep Tide TechFlow news, on November 28, since October 2023, the cumulative rise of spot silver has been about 163%, slightly surpassing gold's approximately 142%, completing a "value reassessment" under low attention. BiyaPay analysts pointed out that this round of silver rise is more inclined towards "industrial attributes": on one hand, the explosive installation of photovoltaic systems has increased the use of silver paste; on the other hand, LSEG predicts limited growth in silver supply and imminent mine closures, resulting in a long-term structural gap in the market, which gives silver a "slow to rise but steady to stand" medium to long-term allocation value. In the short term, caution is needed for price pullbacks and fluctuations caused by the overall cooling of precious metal sentiment.
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DeepFlowTech·27m ago