Horse Year Banknote Market Price Rebounds! Epic Plunge of Gold and Silver (Gold Drops 9.01%, Silver Drops 35%), Collection Risk + Second Reservation Reminder

Recently, the collection market has shown a distinctly polarized trend: after the enthusiastic issuance of the Horse Year coins and banknotes, they experienced continuous decline for many days and hit new lows repeatedly, but today their market price has stopped falling and rebounded;

in contrast, gold, silver and precious metal commemorative coins, which had been soaring continuously and hitting record highs recently, suddenly suffered a sharp plunge and full-line pe, among which the maximum drop of silver was nearly 35%, which can be called an epic fluctuation. Collectors need to pay close attention to market changes and avoid collection risks.

I. Latest Market Price of Horse Year Coins and Banknotes: Stopped Falling and Rebounded, Quotation Slightly Recovered

As the third Zodiac Commemorative Banknote in China, the 20-yuan Horse Year Banknote was generally favored by the market before its issuance due to its high-quality zodiac theme, successfully attracting the attention of a large number of collectors and market speculators. After the opening of the redemption channel, its market price climbed smoothly, once breaking through the 40-yuan mark, showing strong initial popularity.

However, the popularity failed to last. Starting from the third day of redemption, the market price of the Horse Year Banknote entered a continuous downward channel, and the market selling pressure gradually increased. By January 29th, the recycling quotation of the Horse Year Banknote once fell below the 30-yuan mark, with the lowest touching 28 yuan. Pessimism spread in the market, and many collectors worried that its market would collapse completely.

Fortunately, the market price of the Horse Year Banknote ushered in a turning point today and successfully stopped falling and rebounded: at present, the recycling quotation of the Horse Year Banknote with 4 and 10 consecutive notes has risen to 31 yuan, and the market quotation has risen to 32 yuan; in the same period, the market of the Horse Year Commemorative Coin has rebounded synchronously, with the current recycling quotation stable around 13.6 yuan and the highest market quotation rising to 13.7 yuan, showing a slight recovery trend.

II. Epic Plunge of Gold and Silver: Gold Drops 9.01%, Silver Drops Nearly 35%

In sharp contrast to the rebound of the Horse Year Banknote is the drastic turbulence in the gold and silver market. In the previous period, the prices of gold and silver soared all the way and hit record highs repeatedly, driving all kinds of precious metal commemorative coins to soar comprehensively synchronously. The market popularity was unprecedented, attracting a large number of collectors to follow the trend to buy and layout.

However, today, the gold and silver market suddenly reversed and ushered in an epic pe with amazing decline: the price of gold fell by 9.01%, with the current price only 1094.70 yuan per gram; the decline of silver was even more rapid, with the maximum intraday drop close to 35% and the current price falling to 18.93 yuan, setting the largest single-day drop recently, which can be called a historic fluctuation.

In response to this plunge, the market has formed two pergent views: one side believes that the demand for the gold and silver market is strong this year, and this plunge is only a short-term correction, and it is likely to rebound strongly in the future; the other side says that the current gold and silver prices are still in a high range, and this plunge may start a downward channel, and it is likely to continue to decline in the future, which has caused great controversy among collectors.

III. Important Collection Reminder: Be Cautious with Precious Metal Commemorative Coins, Wait for the Second Reservation for Horse Year Banknotes

It is important to note that precious metal commemorative coins have a strong linkage with gold and silver prices. Previously, driven by the soaring gold and silver prices, all kinds of precious metal commemorative coins rose comprehensively. Popular varieties such as Panda Silver Coins and Dragon Silver Coins on various platforms were basically sold out, and other small-specification gold coins and silver coins were also in short supply, with high market speculation enthusiasm.

With the sharp plunge of gold and silver prices today, the precious metal commemorative coin market will inevitably be directly affected, and it is likely to usher in a comprehensive decline in the future. Here, we remind all collectors that they need to be extremely cautious when buying precious metal commemorative coins at present, and do not blindly follow the trend to bottom-hunt to avoid losses caused by price declines.

As for the Horse Year coins and banknotes, collectors do not need to rush to buy them: there is still 1 face-value reservation opportunity in the future. Collectors who like the Horse Year coins and banknotes can wait patiently and do not chase high prices. According to the convention of the second round of reservations for zodiac coins and banknotes in previous years, the second round of reservations for the Horse Year coins and banknotes is expected to start around April, and the latest reservation information will be updated continuously in the future.

At present, the collection market is experiencing drastic fluctuations, with prominent risks in gold, silver and precious metal commemorative coins. Although the Horse Year coins and banknotes have rebounded, they still need to be viewed rationally. It is recommended that collectors adhere to the principle of rational collection, pay close attention to market changes, avoid speculative traps, and make reasonable layouts according to their own needs, so as to avoid risks and realize the collection value.