Silver price trend is stable. Silver+ rose in night trading
Silver+ rose in night trading on Thursday (Month). Due to the stable trend of international silver prices and a slight increase, the People's Bank of China's RRR cut may bring benefits to the economy and boost industry. need.
Silver+ rose yuan in Thursday night trading, the increase was reported in yuan/kilogram. The highest quotation is RMB/kg, the lowest quotation is RMB/kg.
Fundamental factors
The US monthly non-manufacturing purchasing managers index released a value higher than the expected value
The US monthly non-manufacturing employment index value was the lowest since the beginning of the year.
The monthly employment growth in the United States was lower than expected, but still maintained above 10,000 people.
On Wednesday, the new Greek Prime Minister Tsipras met with French President Hollande, and the two sides must reach a consensus on solving the debt problem. The Greek Finance Minister said in a low-key manner after the meeting with Draghi that the dialogue was quite productive and a new agreement on the debt issue is expected to be reached in the near future, without disclosing any further details.
The European Central Bank said that the Governing Council gave up the collateral status of Greek government bonds and increased the minimum credit rating required for market instruments issued or guaranteed by Greece. This decision is in line with the rules of the Eurosystem, as it is currently impossible to conclude that the Greek assessment will have the expected results and will not affect the counterparty status of Greek financial institutions. The liquidity requirements required by affected Eurosystem counterparties can be addressed by the relevant national central banks. This decision will be implemented from October 1st.
The People's Bank of China announced on Wednesday (May 1) that it would lower the RMB deposit reserve ratio for financial institutions by a percentage point. At the same time, the central bank announced an additional percentage point reduction in the RMB deposit reserve ratio for urban commercial banks and non-county rural commercial banks whose loan ratios to small and micro enterprises meet the targeted reserve requirement ratio reduction standards, and an additional percentage point reduction in the RMB deposit reserve ratio for the Agricultural Development Bank of China.
Silver price trend is stable, silver T+D rises in night trading