白银飙涨40%！怎么回事？

Group 1 - Silver prices have been on an upward trend this year, with London spot silver prices surpassing $42 per ounce, marking a 14-year high and a cumulative increase of over 40% [1] - The Shanghai Futures Exchange's main silver futures contract has also exceeded 10,000 yuan per kilogram, achieving a nearly 13-year high with a cumulative increase of over 30% [2] Group 2 - The increase in silver prices is attributed to a significant supply-demand gap, with global silver production falling short of consumption by approximately 4,000 tons for the fifth consecutive year [3] - The rise in silver prices is closely linked to its financial attributes, driven by heightened risk aversion due to global trade policy uncertainties and geopolitical tensions, which have also boosted gold prices [3] - The gold-silver ratio has been correcting, attracting funds from gold to silver, as the previous strong performance of gold led to a historical high in the gold-silver ratio, indicating that silver was undervalued [3] Group 3 - Silver's physical and chemical properties make it valuable in various industries, including electronics, renewable energy, and healthcare, where it is used as a catalyst, conductive contact material, and antimicrobial agent [4] - According to the Silver Institute, in 2024, the downstream demand for silver is expected to be distributed as follows: 58% for industrial use, 18% for jewelry, and 16% for investment, with the photovoltaic sector accounting for 17% of industrial demand [5] Group 4 - Looking ahead, silver is expected to experience a significant upward trend, with international silver prices potentially reaching $50 per ounce and domestic prices projected to break through the range of 11,500 to 12,000 yuan per kilogram [6] - Short-term forecasts suggest that silver may outperform gold, as historical patterns indicate that liquidity easing often leads to a substantial decline in the gold-silver ratio, driving silver prices higher [7]