流动性警钟敲响！白银狂飙再创14年新高

Group 1 - Silver prices surged to the highest level since 2011, driven by rising premiums in the U.S. and signs of supply tightness in the London spot market [1] - Spot silver increased by 3% to over $38 per ounce, while New York silver futures rose by 4% to $38.80 per ounce, indicating unusual price discrepancies [1] - The annualized leasing rate for one-month silver in London jumped to approximately 4.5%, significantly higher than the usual near-zero level, signaling market tension [4] Group 2 - The Silver Institute reported that the silver market is expected to face a supply deficit for the fifth consecutive year [5] - Concerns over new tariffs proposed by Trump have led investors to seek safe-haven assets, resulting in a rise in gold and palladium prices [5] - The Royal Bank of Canada has adjusted its forecast for the Federal Reserve's interest rate cuts from September to December, reflecting increased market uncertainty [7] Group 3 - The influx into silver ETFs has been strong, with holdings increasing by 1.1 million ounces in just one day, indicating robust demand [4] - The free float of silver in the London market has reportedly dropped to record low levels, suggesting a potential liquidity crisis [4] - Silver's dual role as both a financial asset and an industrial raw material, particularly in clean energy technologies, is becoming increasingly significant [4]