Ge Long Hui·2025-12-17 05:49Core Viewpoint - The Hong Kong stock market saw a significant rise in gold and precious metal stocks, driven by a sharp increase in the price of silver, which reached a historical high of $66.29 per ounce, up 4.00% in a single day [1] Group 1: Market Performance - Chinese Silver Group rose over 5%, while Chifeng Jilong Gold Mining and Shandong Gold increased by more than 3%, and Lingbao Gold and Zijin Mining rose over 2% [1] - The surge in silver prices is attributed to a severe short squeeze in the silver market [1] Group 2: Supply and Demand Dynamics - Kunal Shah, head of research at Nirmal Bang Commodities, noted that the U.S. has listed silver as a critical mineral, but there has been no adequate supply response [1] - Countries planning to enter the data center and artificial intelligence sectors will require more silver, indicating a potential increase in demand [1] Group 3: Future Price Projections - Current trends may push silver prices towards $70 in the short term [1]