今年涨幅超70%，表现胜过黄金，这种贵金属为何价格暴涨？

Core Viewpoint - The precious metals market has seen significant price increases this year, with silver prices reaching historical highs, outperforming gold in terms of percentage growth [1][9]. Market Demand and Supply - As of October 9, the spot silver price surpassed $50 per ounce for the first time, with COMEX silver reaching $53.765 per ounce, a more than 70% increase from $29.985 per ounce on January 2 [1]. - In the Shenzhen Shui Bei market, there is a high demand for silver bars, but limited availability, leading to a waiting period of about one month for larger orders [2]. - China's silver reserves rank among the top five globally, accounting for approximately 11% of the world's total silver reserves, with over 1,500 silver mines [3]. - The primary sources of silver supply in China are from mining and recycling, with projected mining output of 3,426 tons and recycling of 1,233 tons in 2024 [5]. Industrial Demand - Industrial demand for silver is significant, with total silver consumption in China expected to reach 9,428 tons in 2024, of which 8,567 tons will be driven by industrial needs, particularly in the electrical and electronic sectors [7]. Price Trends and Market Dynamics - The recent surge in silver prices is attributed to global economic and geopolitical factors, including increased demand for safe-haven assets, a weaker dollar, and rising inflation concerns [9]. - The silver market has experienced a tight supply situation, with limited increases in COMEX silver warehouse receipts despite rising physical delivery demand [9]. - Analysts suggest that while precious metals have seen substantial gains, they may face short-term corrections due to potential shifts in macroeconomic conditions [10].