年内涨超112％！白银成年内最牛期货 法巴银行看涨至100美元

Group 1: Silver Market Performance - New York silver futures reached a high of $63.25 per ounce, closing at $62.355, marking a 2.17% increase on the previous trading day, with a year-to-date gain exceeding 112% [2] - Domestic silver futures in China also saw a significant increase of 92.43% since the beginning of the year, driven by inflation expectations and demand from the global optoelectronic industry [3] - The gold-silver ratio reached a new low of 68.22, indicating that silver is rising faster than gold, supported by industrial demand and low inventory levels [4] Group 2: Federal Reserve's Monetary Policy - The Federal Reserve cut interest rates by 25 basis points, bringing the federal funds rate to a range of 3.50%-3.75%, and announced a liquidity injection plan of $40-$60 billion over the next 30 days [7] - There is significant internal disagreement within the Federal Reserve regarding future interest rate policies, with some members advocating for substantial rate cuts while others support maintaining current rates [8][9] - The Fed's economic forecasts indicate a more positive outlook compared to previous predictions, suggesting less necessity for aggressive rate cuts in the near future [8] Group 3: Supply and Demand Dynamics - The World Silver Association projects a global silver demand of at least 35,000 tons by 2025, with 80% attributed to industrial use, while the total supply is estimated at 29,000 tons, resulting in a supply gap of over 6,000 tons [10] - The ongoing demand from the photovoltaic, electric vehicle, and data center sectors is expected to drive steady growth in silver demand, while supply constraints will likely persist [10] - The iShares Silver Trust ETF has seen significant inflows, with approximately $1 billion entering the fund recently, indicating strong investor interest in silver [10] Group 4: Future Price Predictions - Analysts predict that silver prices could reach $100 by the end of next year, driven by strong industrial demand and ongoing supply constraints [12] - The long-term outlook for silver remains bullish due to the dual expansion of U.S. fiscal and monetary policies, which are expected to weaken the dollar and support higher silver prices [11]