Silver Stocks Shine in China as Metal Rallies

Dow Jones07-14
 

By Tracy Qu

 

Silver companies' stocks rose after prices of the precious metal hit a more than decade high, buoyed by industrial and investor demand.

Shares of Hunan Silver climbed 10% in Shenzhen on Monday, rising by the daily limit. Baiyin Non-Ferrous Group gained 7.3% in Shanghai and Shengda Resources shares rose 6.5% in Shenzhen.

The advances came as spot silver prices jumped 1.7% to around $39 an ounce, taking gains to about 35% so far this year. The white metal has outperformed the 28% year-to-date gain by gold, which has also been on a tear thanks to demand for safe-haven assets.

Silver's rally is being fueled in part by industrial demand, Tongguan Jinyuan Futures analysts said in a commentary. President Trump's announcement of a 50% tariff on U.S. copper imports starting Aug. 1 has highlighted silver's role as an industrial metal.

Like copper, silver is used in industrial applications like renewables and electronics, and could present an alternative in some instances for manufacturers if copper becomes too expensive.

The analysts said they expect silver's momentum to stay strong as the sudden renewal in demand revives a prior period of softness.

Since the start of the year, Hunan Silver's shares have gained 43%, while Baiyin has risen 27% and Shengda has added 38.5%.

 

Write to Tracy Qu at tracy.qu@wsj.com

 

(END) Dow Jones Newswires

July 14, 2025 02:15 ET (06:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment