Qi Huo Ri Bao·2025-12-13 00:23Market Overview - Silver prices experienced a significant drop after reaching a historical high, with a decline of over 4% during trading, while gold prices also fell sharply after touching $4,350 per ounce [4][5] - The recent performance of tech stocks in the U.S. has been negatively impacted by concerns over AI investments, particularly following disappointing earnings reports from Oracle and Broadcom [5][6] Silver and Gold Demand - The demand for silver in AI hardware and data centers is robust, with annual growth rates exceeding 20%, and projections suggest a 35% increase by 2026 [7] - The World Gold Council reported that global physical gold ETF inflows reached $5.2 billion in November, marking six consecutive months of inflows [8] Federal Reserve Insights - Several Federal Reserve officials expressed a preference for maintaining a slightly tight monetary policy, citing persistent inflation above the 2% target [10][11] - The recent rate cuts have been met with opposition from some officials who advocate for a wait-and-see approach regarding further monetary easing [11][12] Tin Market Dynamics - Tin prices have surged, with the Shanghai tin price stabilizing above 330,000 yuan per ton, driven by supply concerns and positive macroeconomic sentiment [13][16] - Analysts indicate that the tin market is experiencing a tight supply situation, exacerbated by geopolitical tensions and reduced imports from Myanmar [17][18] Long-term Outlook for Tin - The long-term outlook for tin suggests a potential easing of supply constraints by 2026, with expectations of increased production from Myanmar and a stabilization of geopolitical tensions [18] - The demand for tin is expected to grow, particularly in technology and renewable energy sectors, despite ongoing supply challenges [18]