白银价格创新高，今年来涨幅远超黄金

Core Insights - Silver prices surged to a historical peak of $59.33 per ounce, with a daily close at $58.34, marking a 3.9% increase [1] - The net inflow into silver-based ETFs reached the highest weekly record since July, indicating strong investor demand [1] - Year-to-date, silver prices have nearly doubled, significantly outperforming gold's 60% increase [3] Group 1: Market Dynamics - The recent influx of funds into silver is expected to amplify price volatility and trigger short-term short squeezes [3] - The 14-day Relative Strength Index (RSI) for silver fluctuated around the 70 mark, suggesting it may be in an overbought condition [3] - Supply constraints are emerging in various markets, with China's silver inventory at a near ten-year low [3] Group 2: Demand Factors - Analysts note that silver's recent price surge indicates it is no longer merely an "appendage" to gold, as its rise is driven by structural scarcity and increasing industrial demand [3] - Silver is widely used in manufacturing products such as circuit boards, solar panels, and medical device coatings, highlighting its practical applications [4] - Global silver demand has consistently exceeded mining supply over the past five years [4] Group 3: Economic Influences - Expectations of an imminent interest rate cut by the Federal Reserve have bolstered silver's recent price increase, as lower rates typically favor non-yielding precious metals [3] - Citigroup's analysis suggests that underpinned by Fed rate cuts, strong investment demand, and spot supply shortages, silver prices could rise to $62 per ounce in the next three months [3]