万腾外汇：白银再次突破新高，贵金属涨势十足

Core Insights - The silver market has seen a significant breakthrough, with prices surpassing previous highs and currently trading above $43.50 per ounce, while gold remains stable in its historical high range [1] - Silver has experienced a 50% increase this year, reaching its highest level since 2011, while gold has also performed well with a nearly 40% increase so far in 2025 [3] - The demand for silver is largely driven by the rising gold prices, as some investors who missed the opportunity in gold are turning to silver to catch up in the precious metals bull market [3] - The weakening US dollar and economic uncertainties have led investors to view precious metals as core assets for hedging against inflation and risk, resulting in significant inflows into gold and silver markets [3] - The rising gold prices are attracting more retail investors to the precious metals sector, with silver being a preferred choice due to its lower entry barriers and higher potential returns [3] Industry Analysis - Despite the similarities in financial attributes between silver and gold, silver's extensive industrial applications make its risk profile more pronounced, as its price is closely tied to macroeconomic cycles and industrial demand [4] - A potential global economic downturn or weaker industrial demand could lead to greater downside pressure on silver prices compared to gold [4]