白银租赁利率狂飙，美国拟将白银列入“关键矿产清单”，吓坏市场？

Core Viewpoint - The recent surge in silver prices, surpassing $40 for the first time in 14 years, is accompanied by a significant increase in silver leasing rates, raising concerns about potential U.S. tariffs impacting supply and market dynamics [1][3]. Group 1: Market Dynamics - Silver leasing rates in the London market have surged above 5%, indicating a tight supply situation [7]. - The price discrepancy between New York futures and London spot prices has reached approximately $0.70, reflecting heightened demand for immediate metal availability [6]. - The inclusion of silver in the proposed "critical minerals list" by the U.S. Department of the Interior could lead to a potential 50% import tariff, further complicating market conditions [3][5]. Group 2: Investment Trends - Investment in silver-backed ETFs has increased significantly, with year-to-date gains exceeding 40%, contributing to a decline in London silver inventories [5]. - Analysts predict that if tariffs are imposed, the price spread between silver and palladium could widen significantly, with a bullish forecast of silver reaching $43 per ounce in the next 6-12 months [5][6]. - The current market sentiment suggests that investors are increasingly optimistic about the sustained rise in silver prices, reducing the likelihood of a sell-off [8].