Gold and Silver Retail Sales in Shenzhen Plummet 50% YoY on May 19 as Processing Sector Surges

GateNews
According to CCTV Finance, on May 19, retail gold and silver sales at Shenzhen's Shuibei precious metals market fell sharply, with year-on-year declines of approximately 50%, amid international price pressures. A store manager noted that silver saw cliff-like declines and investment clients have largely stopped visiting. Concurrently, the gold and silver processing sector experienced significant growth, as customers shifted from frequent trading to consolidating holdings through processing and long-term retention.
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