白银租借利率从峰值断崖式回落的背后：“白银挤压”退潮，流动性回归

Core Insights - The cost of borrowing silver in London has significantly decreased from a record high, indicating a recovery in liquidity within the silver trading market, which may lead to a short-term decline in silver prices [1][4][5] Group 1: Silver Borrowing Rates - The silver borrowing rate in London dropped from a peak of 34.9% on October 9 to 5.6% on October 27, reflecting a rapid decline in the "London physical squeeze" [5][6] - The decrease in borrowing costs suggests that the liquidity crisis in the London silver market is easing, which may reduce the upward momentum for silver prices [4][5] Group 2: Market Dynamics - Earlier this month, a liquidity shortage in the London silver market led to a global rush for silver, pushing prices to historic highs, breaking a 50-year record [4] - The recent price drop of silver, which fell by 1.7% on a particular day, continues a trend since reaching a high of $54.48 per ounce on October 17, with current prices around $48.26 per ounce [4][6] Group 3: Future Price Predictions - Analysts suggest that the recent decline in silver prices may present a buying opportunity, despite expectations of a short-term pullback due to profit-taking pressures [5][6] - BNP Paribas Fortis' chief strategist predicts that silver prices could potentially double from current levels, with a target of reaching $100, driven by psychological price levels attracting investors [6]