HK Stock Market Move | CHI SILVER GP(00815) Falls More Than 5% as Tax Expectations Cool, Triggering Silver Price Retreat

CHI SILVER GP (00815) fell more than 5%, dropping by 5.41% to HK$0.7 as of the time of writing, with a turnover of HK$38.1735 million. On the news front, silver prices fell by 7.3% on Thursday, but later recovered most of the losses. It is reported that after completing a months-long national security review, the Trump administration decided not to impose comprehensive tariffs on key minerals including silver and platinum, instead seeking bilateral negotiations and considering setting a price floor. This decision significantly relieved concerns in the market about the US implementing comprehensive tariff measures. CITIC Futures believes that the previous increase was driven by tariff expectations, tight spot market conditions, and the resonance of fund sentiment, with the rate of increase significantly faster than the ability of the fundamentals to digest. After the cooling of tariff expectations, profit-taking concentrated and combined with a high volatility environment, causing prices to quickly retrace. Looking at the medium term, supply constraints, industrial demand (such as photovoltaics), and the spillover effect from gold still exist, but in the short term, time or price adjustments are needed to digest the overcrowded trading structure.