突然大涨！价格创历史新高，涨幅跑赢黄金，已超90%

Core Viewpoint - The silver market has experienced a significant surge, with silver futures rising over 7% in a single day, indicating strong demand and market dynamics supporting higher prices [1][4]. Group 1: Market Performance - On December 1, silver futures (2602) surged by 7.34%, closing at 13,464 yuan per kilogram, with a peak of 13,520 yuan per kilogram, marking a recent high [1][2]. - The entire non-ferrous metal sector strengthened, with copper, tin, and international copper prices increasing by over 2% [1][3]. Group 2: Supply and Demand Dynamics - The World Silver Association forecasts a 2% increase in total silver supply and a 1% decrease in total demand by 2025, narrowing the global silver supply gap to 117.6 million ounces [7]. - Low inventory levels and structural tightness in supply are contributing to strong price elasticity for silver, with global exchange silver stocks at a near ten-year low [7][9]. Group 3: Economic Factors - Market expectations for a 25 basis point rate cut by the Federal Reserve in December are providing solid support for silver and the broader precious metals market, with an 87.4% probability of this occurring [6]. - The dual nature of silver as both a precious and industrial metal is driving its price increase, supported by rising demand in sectors like photovoltaics and electric vehicles [8][9].