白银处于短缺状态 伦敦银“惊人”高涨

Core Viewpoint - The silver market is experiencing significant bullish momentum, driven by supply-demand imbalances and increased investment demand, with potential prices reaching $70 in the short term [2]. Group 1: Market Dynamics - Silver prices have risen sharply, currently trading above $66, with a notable increase of 4.06% from the opening price of $63.72 [1]. - The silver market is facing a severe short squeeze, particularly after the U.S. classified silver as a critical mineral, without a corresponding supply response [2]. - Global silver production has stagnated over the past decade, primarily due to declining output from Mexico, Peru, and China [2]. Group 2: Demand Factors - There is a significant increase in demand for silver, particularly from the photovoltaic industry and electric vehicles, alongside new demand from AI data centers [2]. - Silver has been in a state of shortage for the past five years, with a projected supply gap of 95 million ounces (approximately 2,950 tons) by 2025, and current inventories only covering 1.2 months of consumption [2]. Group 3: Investment Trends - There has been a surge in investment demand for silver, with global silver ETFs increasing holdings, particularly the iShares ETF, which saw a rise of 1,600 tons (10% increase) [2]. - Speculative funds have driven COMEX silver net long positions to a historical high [2]. Group 4: Technical Analysis - London silver prices have broken through key resistance levels, indicating a strong bullish trend, with trading positions above the 50-day EMA providing dynamic support [3]. - Despite reaching overbought levels, positive signals are emerging from the relative strength index [3].