Chinese silver purchases 2024

🆕️ China’s 2024 Silver Procurement for Electric Motors

❗️In August 2024, Chinese companies will purchase silver for the production of electric motors. The decision was influenced by the huge demand in the American and European markets. The engines are planned to be used in various industries, including the household and automotive industries.

✍️ Where engines with silver parts will go and how wholesale purchases from China will affect the pricing policy of silver, we will consider in more detail in our article.

📢 KSZ 2024 will go down in history

The event of such a wholesale order was called KSZ 2024 and it is under this name that they will go down in history. After all, over the past five years there have not been such large wholesale purchases of silver. For this reason, well-known international banks have begun active trading and experts are already making forecasts regarding exchange rate changes.

Investors from all over the world will be able to benefit from this speculation, as prices are expected to rise from $29 to $51 per ounce of silver. Potentially, if you buy silver at a price of $29, then you can sell it after the end of the 2024 CSA and sell each ounce for $51. Thus, profits will increase by 75%. 

At least 3 major banking organizations will participate in trading: JPMorgan Chase, Goldman Sachs, Bank of America. There is also news that European representatives of banks will be involved in the process: Deutsche Bank, HSBC, BNP Paribas. 

🏦 Which brands will have silver electric motors?

China has already agreed on cooperation with three major car brands: BMW, Audi and Mercedes. Therefore, very soon happy owners will be able to drive a car with an upgrade. According to the supplier, Europe will receive parts 2 times cheaper than America. After all, transportation of engines will be quite long and complicated for the American market.

📈 Recommendations for silver investors

If you want to participate in trading it is important to time your entry and exit. After all, Chinese companies have already received quotas for their purchases. Therefore, we recommend that you act quickly so as not to miss this unique opportunity. 

🟥 Need help?

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