涨疯了！2025金银双双刷新纪录，白银137％涨幅领跑

Group 1 - In 2025, both international gold and silver prices reached historical highs, with gold hitting $4500 per ounce and silver soaring to $69.81 per ounce, marking annual increases of 71% and 137% respectively [1][6][16] - The surge in gold prices was driven by factors such as U.S. tariffs, ongoing geopolitical tensions, and central bank purchases, particularly from China [2][14] - Silver outperformed gold significantly, especially in the second half of the year, as market dynamics shifted towards silver due to its lower holding costs and industrial demand [7][17] Group 2 - The first half of 2025 saw gold prices rise by 30%, primarily due to increased demand for safe-haven assets amid U.S. tariff issues and the Russia-Ukraine conflict [2][14] - From mid-April to mid-August, gold experienced a period of consolidation despite ongoing geopolitical tensions, as the tariff situation temporarily eased [2][15] - A notable price drop of $236 per ounce occurred on October 21, attributed to crowded long positions in the market and external factors like U.S. government shutdowns [3][15] Group 3 - Silver's price increase was characterized by two phases, with the first half driven by liquidity support and the second half influenced by renewed inflation expectations and supply shortages [6][16] - The silver market saw a significant rise in demand due to its industrial applications, particularly in solar energy, and the expansion of silver ETFs [7][17] - Analysts predict that the bullish trend for precious metals will continue into 2026, driven by ongoing global monetary policy changes and geopolitical factors [8][18]