Group 1 - The A-share non-ferrous metal sector continues to perform strongly, with the industrial precious metal ETF rising by 3.02%, reaching a new high for the year [1] - Multiple international investment banks have raised their silver price forecasts, with Bank of America predicting silver prices could reach $40 per ounce by the end of 2025 or early 2026, driven by record industrial demand, particularly in the photovoltaic and electric vehicle sectors [2][3] - The current surge in silver prices is driven by two main factors: a significant increase in industrial demand due to the acceleration of global energy transition and an influx of safe-haven funds amid rising geopolitical risks and expectations of Federal Reserve rate cuts [3] Group 2 - Silver-related stocks in the A-share market have seen impressive performance, with companies like Hunan Silver hitting a five-year high and the silver non-ferrous sector experiencing a 6.99% increase [4] - The physical investment market for silver is also booming, with sales of silver bars and silver ingots increasing by over 40% year-on-year, and banks reporting high demand for silver wealth management products [4] - Analysts have differing views on the future of silver prices, with some optimistic about a potential challenge to the historical high of $50 per ounce due to ongoing supply tightness, while others expect the average silver price to remain around $36 in the third quarter, indicating limited upside [5][6] Group 3 - The silver market is currently in a state of tight supply and demand balance, with industrial demand and financial attributes driving prices higher; despite potential short-term technical adjustments, strong demand from sectors like photovoltaics and renewable energy, along with expectations of Federal Reserve rate cuts, are likely to support high silver prices in the medium to long term [7]
白银价格创14年新高 机构集体上调目标价 年内涨幅超30%
Sou Hu Cai Jing·2025-07-18 11:40