贵金属杀疯了，白银年内暴涨140%，黄金47次创新高

Group 1: Gold Market Performance - Gold prices have reached new historical highs, with 47 instances of record-breaking prices in 2025, culminating at $4,411.23 per ounce on December 22, marking a year-to-date increase of over 67% [1][3] - The three-year cumulative increase in gold prices since 2023 has been approximately 138%, establishing gold as a leading asset in the investment landscape [3] Group 2: Silver Market Performance - Silver has experienced a remarkable surge, with prices nearing a 140% increase in 2025, particularly accelerating in the second half of the year [7] - On December 22, silver prices reached a new high of $69.44 per ounce, reflecting a significant upward trend [7] Group 3: Investment Trends and Institutional Responses - Major banks have raised the minimum investment thresholds for gold, with some halting certain trading activities due to the rapid price increases [4] - Retail gold prices have also seen multiple increases, with brands like Chow Tai Fook raising prices by 10% to 30% throughout the year, driven by rising international gold prices [4][5] Group 4: Future Outlook for Gold and Silver - Analysts predict that gold prices may continue to rise due to ongoing geopolitical uncertainties and changes in monetary policy, with potential prices reaching $4,900 per ounce by late 2026 [6] - The silver market is expected to face a structural supply deficit of approximately 9.5 million ounces in 2025, driven by strong demand from the photovoltaic industry [10]