HK Stock Market Move | CHI SILVER GP (00815) falls more than 4% in the afternoon, precious metals continue to decline, spot silver falls below $80.

CHI SILVER GP (00815) fell more than 4% in the afternoon, dropping 4.6% to 0.415 Hong Kong dollars at the time of reporting, with a trading volume of 2.7143 million Hong Kong dollars. On the news front, on May 15, precious metals continued to decline, with spot silver falling below $80 per ounce and dropping more than 6% intraday. Spot gold fell below $4600 per ounce, down 1.75% intraday. Previously, silver had been rising for several days in a row. CITIC Futures believes that the recent strength of silver is driven by speculative funds in a low-liquidity environment, with rising copper prices and supply concerns also helping. However, once sentiment cools down under the dominance of speculative factors, the retracement may be equally remarkable. In the short term, it may enter a phase of consolidation, with the elasticity expected to remain greater than that of gold.