【财经分析】银价再创历史新高后机构观点转向谨慎：中期牛市不改 短期警惕调整风险

Group 1 - The core viewpoint of the article highlights the significant surge in silver prices, with international silver prices reaching historical highs above $61 per ounce and domestic silver prices exceeding 14,000 yuan per kilogram [2][3] - Silver has outperformed gold in annual price increases, with London spot silver prices rising by 112% and New York silver futures nearing a 110% increase, compared to gold's 70% and 60% increases respectively [3][4] - The strong demand for silver in industrial applications, particularly in solar energy, electric vehicles, and artificial intelligence, is driving its price increase, alongside a persistent supply shortage that has led to a decline in global silver inventories [4][5] Group 2 - Despite the bullish outlook for silver, institutions are becoming cautious about short-term price volatility, especially with the upcoming Federal Reserve meeting that may influence market sentiment [6][7] - The silver market is experiencing a structural bull market, but the rapid price increase raises concerns about potential technical corrections, particularly as the market adjusts to recent gains [6][7] - Analysts suggest that while silver prices may remain strong in the short term, there is a need for caution due to the potential for price corrections and the impact of changing market dynamics [6][7]