力压黄金，“黑马”白银跑出历史新高！

Group 1 - Silver prices have surged to record highs, with COMEX silver reaching $57.245 per ounce and a maximum intraday increase of 6.79% [1] - The London spot silver also saw a significant rise, with an intraday increase of 5.74%, while domestic futures in China hit a peak of 13,239 yuan per kilogram, marking a 5.55% increase [1] - The driving force behind the rising silver prices is the increasing expectation of a Federal Reserve rate cut in December, with an 85.4% probability of a 25 basis point cut [2] Group 2 - The World Silver Association forecasts that global silver mining supply will remain flat at 813 million ounces in 2025, while demand is expected to decline by 4% to 1.12 billion ounces [2] - Despite a slight increase in recycling, the supply deficit is projected to continue for the fifth consecutive year, estimated at 9.5 million ounces [2] - A resource company executive indicated that silver supply is expected to remain short in 2026, providing support for silver prices [2] Group 3 - Over the past decade, silver prices have increased by 301.8%, with the gold-silver ratio fluctuating between 63 and 122 [3] - Silver's dual nature as both a financial and industrial metal has led to its price volatility, with periods of correlation and divergence from gold prices [3][4] - The recent trends indicate a shift towards increased industrial demand for silver, particularly in sectors like photovoltaics, AI, and semiconductors, suggesting further potential for price increases [5]