Mhmarkets迈汇：银市上行趋势或仍未结束

Group 1 - The silver price has surpassed $63 per ounce, attracting significant attention in the precious metals market, with potential for further increases [1] - The recent trend indicates a shift in capital back into the silver market, with $48 per ounce seen as a re-entry point for many investors, laying the groundwork for future price increases [1] - The core driver of rising prices is the expanding real demand, particularly due to the acceleration of global electrification and increased metal material needs in AI infrastructure [3] Group 2 - The silver market is characterized by a long-term tight supply and increasing demand, which is a key reason for the strong price performance [3] - Despite silver prices reaching $63, it remains undervalued compared to gold, with historical gold-silver ratios typically between 50 and 60, and some forecasts suggesting a potential drop to around 40 [3] - Retail investment demand remains resilient, providing additional support to the market, while recent policy rate cuts have contributed to a more accommodative monetary environment [3] Group 3 - Multiple factors, including potential declines in real yields and resistance in the dollar, contribute to a long-term bullish outlook for silver prices [4] - The silver market is currently in a phase of value reappraisal, indicating that the upward trend in silver prices may not be over and warrants ongoing attention [4]