白银续刷历史新高！市场豪赌：美联储鸽派新主席+供应短缺=超级周期

Core Viewpoint - Silver prices have reached record highs due to trader bets on sustained supply tightness and anticipated interest rate cuts by the Federal Reserve [1][3] Group 1: Silver Price Movement - On Wednesday, silver prices rose to a peak of $58.9471 per ounce, surpassing the previous high of $58.84 [1] - After reaching the peak, silver prices retreated to around $58 [1] Group 2: Federal Reserve and Interest Rate Expectations - Global interest rate futures traders are betting on significant rate cuts by the Federal Reserve, particularly with the potential new chairperson taking office in May [3] - Market expectations indicate a cumulative easing of 85 to 100 basis points by the end of next year, suggesting four rate cuts of 25 basis points each [3] - Current pricing in the interest rate futures market shows over 90% probability of a 25 basis point cut in the December meeting [3] Group 3: Silver Demand and Supply Dynamics - The holdings in silver-backed ETFs increased by approximately 200 tons, reaching the highest level since 2022, indicating sustained investor interest [5] - A record influx of silver into London has created pressure on other trading centers, with warehouse inventories at the Shanghai Futures Exchange dropping to a ten-year low [5] - The industrial demand for silver is rapidly increasing, particularly in solar energy, electronics, and AI hardware, highlighting its strategic importance [8]