Core Viewpoint - Silver prices have reached a historical high, with spot silver exceeding $69 per ounce and Shanghai silver futures rising by 6.06% to surpass 16,200 yuan per kilogram, reflecting a significant increase of nearly 140% since 2025, compared to a 67% rise in gold prices [1] Supply and Demand Analysis - The Silver Institute predicts a structural supply deficit of approximately 95 million ounces in the global silver market for 2025, marking the fifth consecutive year of supply-demand imbalance [1] - Global mined silver supply is expected to remain stable at around 813 million ounces in 2025, while the demand from the photovoltaic industry is anticipated to be a long-term support factor [1] - The International Energy Agency (IEA) forecasts that from 2024 to 2030, the global installed solar capacity will increase by 4,000 gigawatts, which will drive an annual increase in silver demand of nearly 150 million ounces by 2030 [1] Price Outlook - Despite the significant price increase in silver throughout the year, the low inventory levels and resilient industrial demand suggest that silver prices are likely to continue a strong and volatile trend in the short term [1]
白银价格创历史新高，年内涨幅近140%
Jin Rong Jie·2025-12-23 02:12