| dc.description.abstract | In this study, we understand the basic market situation of global silver supply and demand from 2009 to 2018, and collect 144 months′ data from January 2008 to December 2019. The data includes three precious metals related to silver: gold, platinum and palladium. The economic orientation is based on trade weighted dollar index, industrial production index (IPI), standard & Poor′s 500 index(S&P500), West Texas crude oil and base metal: copper. The empirical methods used are descriptive statistics, Pearson product-moment correlation coefficient, unit root test, regression analysis and Engle Granger two step co integration test. The purpose of this paper is to explore the interaction between silver price fluctuation and base metal in precious metals, economic related aspects. The results show that gold has the most significant effect on silver price, followed by platinum. Economy oriented index part: trade dollar weighted index, industrial production index and standard & Poor′s 500 index show that the positive and negative direction of each index coefficient is in line with the expectation, but has no significant effect, indicating that the level of economic oriented index has no significant effect on silver price; under the 5% confidence interval, co-integration test rejects the null hypothesis, and there is cointegration relationship. | en_US |