1, the influence of US dollar exchange rate on silver price.

The exchange rate of US dollar is one of the important factors that affect the sharp drop of silver price. Generally, in the spot silver market, when the dollar rises, the price of silver will fall. When the dollar fell, the price of silver rose.

2. The influence of inflation on the price of silver.

If the price rises sharply in the short term and the purchasing power of monetary unit decreases, the price of silver will increase obviously. However, if the inflation rate is within the normal range, the fluctuation of silver price is not affected by inflation.

3. International political turmoil, war, etc.

Major international politics, wars and other factors will affect the fluctuation of silver price, and a large number of investors will invest in silver, thus expanding the demand for spot silver and stimulating the rise of silver price.

4. The monetary policies of various countries are closely related to the reasons for the sharp drop in silver prices.

When a country adopts a loose monetary policy, it will lead to an increase in the country's money supply and the probability of inflation, which will lead to an increase in the price of silver.

5. The influence of the stock market on the price of silver.

Generally speaking, when the stock market falls, the price of silver will rise. This mainly reflects investors' expectations of economic development prospects. If everyone is generally optimistic about the economic prospects, a lot of money will flow to the stock market, and the investment enthusiasm in the stock market will be high, and the price of silver will fall.

6. The influence of international trade, finance and foreign debt deficit on the price of silver.

Debt is a worldwide problem, not just a unique phenomenon in developing countries. In the debt chain, not only the debtor countries can't repay their debts, which leads to economic stagnation, but also the economic stagnation further aggravates the vicious circle of debt. Even creditor countries are in danger of financial collapse because of the breakdown of relations with debtor countries. At this time, in order to maintain their own economy from harm, countries will reserve a large amount of spot silver, which has caused the spot silver price in the market to rise.