调整手续费、限仓10000手！针对不断暴涨的白银期货，上期所监管组合拳出击，上期所白银期货年内大涨117%

Group 1 - The Shanghai Futures Exchange (SHFE) has implemented regulatory measures to control the surging silver futures market, including limits on daily trading volume and adjustments to transaction fees starting December 24, 2025 [1] - The maximum daily opening position for non-futures company members and special overseas participants in the silver futures contract AG2602 is set at 10,000 lots, while hedging and market-making transactions are exempt from this limit [1] - The transaction fee for the AG2602 contract will be adjusted to 0.025% of the transaction amount for day trades, while the AG2604 contract will have a fee of 0.005% [1] Group 2 - The SHFE silver futures have surged by 117% year-to-date, with the main contract closing at 16,210 yuan per kilogram, marking a significant increase from 7,470 yuan per kilogram at the beginning of the year [2] - The price of silver has surpassed 16,000 yuan per kilogram, reflecting a 6.06% increase on the day of reporting [2] Group 3 - The London spot gold price has reached a high of $4,419.88 per ounce, with a year-to-date increase of 67%, while the spot silver price has also hit a record high of $69.44 per ounce, with a year-to-date increase of approximately 130% [4] - The A-share precious metals sector has seen significant gains, with companies like Zhongjin Gold and Shandong Gold rising over 4% [4] - The prices of platinum and palladium futures have also surged, with platinum reaching 568.45 yuan per gram and palladium at 508 yuan per gram, both marking new highs since their listings [4] Group 4 - The recent surge in precious metals is attributed to supply-demand imbalances, central bank purchases of gold, and expectations of interest rate cuts by the Federal Reserve [5] - Global central banks are expected to continue their gold purchasing trend, with a projected net increase of 1,045 tons in 2024, while global gold production is only 4,974 tons [5] - The ongoing geopolitical risks and changes in asset allocation strategies are driving demand for gold as a safe-haven asset [5] Group 5 - In the context of increasing global macroeconomic volatility and geopolitical conflicts, copper, aluminum, and gold are identified as core assets for long-term investment due to their supply-demand rigidity and safe-haven attributes [6] - The report highlights that supply tightness, green economic transitions, and monetary system restructuring will drive the price levels of these strategic metals higher [6]