白银再创新高，强劲的ETF资金流入支撑涨势

Core Viewpoint - Silver prices reached a historic high of $59.33 per ounce, marking a significant upward trend supported by strong ETF inflows [1][2]. Group 1: Price Movement and Market Dynamics - Silver prices surged by 3.9% on Friday, achieving a new record high [1]. - The inflow of funds into silver ETFs has been a key driver of this price increase, with the total inflow reaching the highest weekly level since July within just four trading days [2]. - The gold-silver ratio has fallen below 72, indicating a shift in market dynamics as silver gains prominence [2][4]. Group 2: Supply and Demand Factors - The acceleration in silver prices over the past two months is partly due to historic supply pressures in the London market, although this tension has eased recently [5]. - Global silver demand has exceeded mine production for five consecutive years, contributing to a supply-demand imbalance [5]. - Analysts express concerns about potential market corrections similar to those seen in 1980 and 2011, but current economic conditions differ significantly from those periods [5]. Group 3: Future Price Predictions - Analysts predict that silver could experience a significant breakout by early 2026, similar to gold's recent performance [6]. - If a breakout occurs, silver prices could potentially reach $100 per ounce by mid-2027, with a short-term forecast suggesting a rise to $62 per ounce within the next three months [7].