白银市场史诗级逼空引发全球抢银潮 现货白银突破52美元

Core Viewpoint - The silver market is experiencing a rare short squeeze, with spot silver prices surging to over $52 per ounce, marking a significant increase and setting a multi-decade high, while gold prices also continue to rise, reaching a record high of over $4115 per ounce [1][4]. Group 1: Market Dynamics - Concerns about liquidity in the London silver market are escalating, with current prices nearing the 1980 record of $52.5 per ounce, and the price spread between London and New York reaching unprecedented levels [4]. - Some traders are chartering transatlantic flights to airlift silver bars to London to exploit price differences, a method typically reserved for gold, with the premium for London spot silver reaching $1.4 per ounce [7]. - The leasing rate for silver in London has surged above 30%, increasing the cost for short covering, while the leasing rates for gold and palladium have also tightened, indicating strong physical demand that is depleting London’s precious metal inventories [8]. Group 2: Investment Outlook - Goldman Sachs reports that the silver market is relatively illiquid, being about one-ninth the size of the gold market, which amplifies price volatility. The absence of long-term central bank buying support for silver prices could lead to sharp corrections if investment funds withdraw temporarily [8]. - Precious metals, including gold, silver, platinum, and palladium, have seen cumulative increases of 55% to 82% this year, making them standout commodities for 2025. The rise in gold prices is primarily driven by central bank purchases, ETF inflows, and liquidity easing from the Federal Reserve [8]. - Bank of America analysts have raised their silver price target for the end of 2026 from $44 to $65 per ounce, citing ongoing supply shortages, expanding fiscal deficits, and a declining interest rate environment as key factors [8]. Group 3: Regulatory Concerns - Traders are closely monitoring the upcoming U.S. government report on the "Section 232" investigation into critical minerals, which includes silver, platinum, and palladium. There are concerns that if these metals are included in a new round of tariffs, it could exacerbate supply tightness and contribute to the current short squeeze [9].